While the Canadian economy will likely grow faster than the other G-7 countries next year, the Bank expects our recovery to be more protracted and more reliant on domestic demand than usual (Chart 1). In the near term, Canada will grow despite – not because of – the pace of external activity. The behaviour of Canadian households will thus be particularly important.
Other unfinished business in the reforms includes: •  Risk-based, consolidated and strengthened banking supervision  •  Mortgage, SME, and consumer credit reforms  •  Adherence of States and LGs to the requirement under the Micro Finance policy to devote at least 1 percent of their annual budget to micro credit  •  Continued reform of the payments system, especially the e-payments system and enforcement of the Dud cheque offences Act.