But, over the past couple of decades, central bankers and governments, as well as corporations and financial institutions, have learned a great deal about managing global risks. And most countries agree on the critical elements and policies necessary to adjust to global economic change. How well is Canada’s economy adjusting? So, just how well is Canada’s economy adjusting?
Let me look at some of the important efforts we have made and at the policies that are necessary to help us manage change and seize new opportunities. First, maintaining solid economic growth in Canada requires confidence based on well-managed monetary and fiscal policies. As you know, the Bank of Canada is responsible for monetary policy.