  The level of real GDP is now close to its pre-recession peak.   The Bank expects the pace of growth in Canada to moderate to a slightly greater degree than it had expected in April. GDP is now projected to grow 3.5 per cent in 2010, 2.9 per cent in 2011, and 2.2 per cent in 2012.
But when finished, it is likely to form the backbone of many of our payment systems over the next few decades. The RBA is closely involved in all of this work. It has played a major role in establishing the broad direction of the industry’s efforts. It is building a core piece of infrastructure that will allow payments to be settled in real time.