More importantly, they should bolster the confidence of Canadians in the financial sector’s ability to operate normally. And this should ease Year 2000 fears and reduce the likelihood of an overreaction.
I would like to reiterate what I have said before: when it comes to financial matters, I see no reason why Canadians should prepare for this coming New Year’s weekend any differently than for any other long weekend. I would now like to turn to the economy and monetary policy.