We have also recently set up a bigger, better and more agile Financial Technology Subsector to 4/5  BIS central bankers' speeches  ensure the operational as well as cyber-resilience of the financial system. The new subsector in-charge of fostering responsible innovation in the financial services and payments industry is composed of two mission critical departments.
Growth in 2007-08 is expected to be a little weaker than was anticipated in the April MPR, owing primarily to the lagged effects of the higher Canadian dollar. With some anticipated moderation in U.S. growth, combined with past interest rate and exchange rate increases, the Canadian economy is projected to return to its production capacity by the end of 2008.