Similarly, one can observe significant variation in the degree of governmental participation in the housing market across the advanced countries and EMEs, in terms of subsidies and tax benefits as also measures to provide affordable housing (Chart 2).
But this independence does not mean we act without accountability. Accountability Like our independence, the Bank of Canada’s accountability is anchored in our governing legislation. T he Bank of Canada Act requires that we are audited annually by two independent firms, simultaneously. We are the only federal Crown corporation with this requirement.