While other countries save, Canada continues to spend. If the recovery stalls, the price could be high
Revised standards due early 2011
Limiting banks’ activities too strictly could hamper financial markets, economic recovery
Fed plans to scale back other liquidity provision mechanisms
Crisis of 2008 underscores the special role of the global financial system
Flaherty concerned that momentum for reform is waning
New tax on big banks could raise up to US$117 billion
Financial Stability Board to implement peer reviews to evaluate adherence to international standards
Countries will find themselves under pressure to announce credible fiscal plans
Although the financial system has survived intact, consequences may be severe
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