To this end, the Bank is investing in current G-20 efforts to develop a framework for open capital flows, working with the FSB to devise and implement comprehensive financial reforms, and collaborating with our colleagues in the Department of Finance to guide the G-20 framework for strong, sustainable and balanced growth.
Rebalancing will require significant changes to fiscal, structural and exchange rate policies across a broad range of countries. To conclude, the challenges in the current global economic environment are significant, but so too are the opportunities for Canada.