In addition, we are examining internal procedures that would separate the relevant work-streams supporting the two functions. The second key issue for the supervisory framework is the possibility of non-euro area Member States participating in the SSM.
As you know very well, Canada is an important producer of commodities such as metals, paper, and chemicals. When the world prices of these goods rise, it means that Canadian producers receive more income. This rise provides a boost to the Canadian economy. When commodity prices fall, it means less income for Canadian producers. This has a negative impact on the economy.