The Bank will continue to carefully monitor the evolution of risks, together with economic and financial developments in the Canadian and global economies, and to set monetary policy consistent with achieving the inflation target over the medium term. Conclusion In conclusion, I want to stress that the problems of the past year posed challenges, and they offered lessons for individuals, businesses, and policy-makers.
Two conclusions can be drawn from how these problems played out in Canada. First, the financial system is sound, and the Canadian financial, non-financial, and household sectors are strong enough to deal with the problems we have seen in financial markets. Second, we can all do better.