Both these factors create uncertainty about the growth and level of production potential of our economy. Fortunately, this broad type of uncertainty is not new, either for the Bank of Canada or for the fiscal authorities.
We are also in the process of adopting the use of Advanced Analytics, Artificial Intelligence and Machine Learning on Supervisory Data for even better insights into operations of supervised entities. 12. Supervisors often detect serious issues such as non-compliance, divergences from IRACP norms, and gaps in internal controls and IT systems during their limited time at the bank.