Over the six-year period to December 2013, your assets have risen 35 times, your deposits 38 times, and your loan book more than 40 times. We shall soon be opening the club of DSIB’s – Domestic Systemically Important Banks. In July last, we issued the conditions of membership by way of a guideline.
I'd particularly like to discuss the Bank of Canada's "core measure" of inflation, and explain why and how it is used by the Bank as an operational guide for monetary policy. I've chosen this topic because of its timely nature, as we now see rising price pressures in various forms.