For the avoidance of doubt, Management is firmly committed to stamping out corruption in the Bank and will take every necessary measure to protect the Bank’s assets.
Since late 2011, when some commodity prices first began slipping, the Canadian dollar has lost almost one-third of its value. While many factors influence the exchange rate, its depreciation, which will certainly hurt some businesses, is a necessary part of the adjustment process. The weaker dollar acts as a buffer for Canada’s exporters.