And we must deal with them, if the benefits of economic and financial integration are to be fully realized by everyone in today's "global village." Let me tell you what the Bank is doing to promote financial stability.
The importance of sound financial systems In addition to pursuing monetary stability through a low-inflation policy, all central banks, including the Bank of Canada, have a responsibility to promote the stability and soundness of their country's financial system. A market economy, like ours, cannot function well without the support of a strong financial system.