In Canada, our financial system is sound, and our financial institutions are already well capitalized. We are nonetheless affected by global developments. That is why the Bank of Canada has taken extraordinary measures to provide liquidity.
This will aid the ongoing functioning of our financial system during this time of stress, and we will continue to provide additional liquidity for our financial institutions as long as conditions warrant. It is important to remember that Canadian monetary policy remains firmly focused on the Bank of Canada's mandate to maintain low, stable, and predictable inflation.