But you can be sure that the Bank of Canada will continue to work toward bringing the economy home, at full capacity and with inflation sustainably on target, so we can fulfill our mandate to support the economic welfare of all Canadians. I would like to thank Pierre St-Amant, Marc-André Gosselin and David Amirault for their help in preparing this speech.
In particular, the financial system is typically more innovative. Since financial products cannot be patented, an institution’s ability to compete rests partly on its ability to create new products that enable it to increase returns without changing the level of risk or to diversify risk without for a given return.