These include whether or not to merge the Bank Insurance Fund and the Savings Association Insurance Fund, how to implement a more effective riskpricing for deposit insurance, how to reduce or eliminate the current pro-cyclicality in insurance premia, and whether we should adjust the limit for deposit insurance coverage and, if so, how.
The Bank will continue to monitor carefully economic and financial developments in the Canadian and global economies, together with the evolution of risks, and set monetary policy consistent with achieving the 2 per cent inflation target over the medium term. With that, Tiff and I would be pleased to take your questions. 2  BIS central bankers’ speeches