While the bar for further changes remains high, the Bank has the responsibility to draw the appropriate lessons from the experience of others who, in an environment of price stability, reaped financial disaster. Conclusion These are extraordinary times. A massive deleveraging has barely begun across the industrialised world. Canada entered this crisis extremely well-positioned.
Following a provisional licence provided by the RBF early this year, mobile phone network operators have completed their pilot test phase on mobile money services and are now at the final stages of preparation for their commercial launch. It is important to note, that international remittances outward is not approved at this stage.