I would like to start my presentation with a quick review of international developments, focusing on the extent to which the problems in Southeast Asia have persisted and spread. Next, I will discuss the implications of these developments for the Canadian economy and give you the Bank’s latest assessment of the outlook.
So the ramifications of not keeping up with world standards can be extremely serious. We should therefore continue to do what we can to comply with international standards. BIS Review 18/2009  3  Incidentally, some of our Pacific neighbours were threatened to be blacklisted some years ago because they did not comply with these standards.