Among the important responses to the crises has been renewed focus on consumer protection which will be pursued through both prescriptive regulations as well as an obligatory code of conduct for financial institutions. This, in a broad sense, should lay the foundations and framework for responsible financial innovation and regulation. Is financial innovation good or bad? 19.
The Bank continues to judge that the Canadian economy is operating at its production capacity and will grow roughly in line with its production potential through 2007. Annual GDP growth is expected to be 3.1 per cent this year and 2.9 per cent in 2007, with strong growth in domestic demand and further gains in exports.