In the Bank of Canada’s recent Monetary Policy Report, the Bank projects economic growth of 2.9 per cent in 2005 and 3.2 per cent in 2006. The origins of this success can be found in policies that began a decade ago. In 1993 Canada had the second-worst government debt-to-GDP ratio among G-7 countries. It had high unemployment. It had low productivity growth.
With all these benefits for the market players, we market supervisors are left with a  2  BIS central bankers’ speeches  definite need to upgrade our market surveillance techniques. I am pleased to note that the use of technology to aid in the supervision of market intermediaries will be a topic covered in this seminar.