For example, research advances in polymer chemistry, the development of new diesel and jet engine technologies, and the invention of the transistor and the integrated circuit facilitated productivity improvements in a wide range of industries and the creation of an array of highly useful consumer products.
Yet another key question is whether a domestic CCP would adequately address the clearing needs of Canadian financial institutions. As a related point, a Canadian CCP would need to be reasonably cost-effective; otherwise it could push transactions offshore, undermining its potential benefits. Developing links between CCPs in different jurisdictions could help to minimize fragmentation of the market.