The BSP also implemented the MB Paperlite Facility that resulted in the significant reduction of paper usage during MB meetings, and installed energy-efficient mechanisms such as solar panels and inverter technology in air-conditioning systems. Lastly, the BSP will be issuing ESGrelated regulations in phases. All of these are part of our commitment to adopt a culture that embodies sustainability.
In Alberta, you’ve seen both sides of this adjustment. When oil prices rose between 2002 and 2008, the Canadian dollar soared alongside to reach parity with the US dollar. Ontario’s manufacturing sector lost competitiveness as its goods became more expensive overseas, and 5 / 11  BIS central bankers' speeches  investment and workers flowed into the energy sector in Alberta and Saskatchewan.