Peaks and troughs in the Canadian economy are inevitable. Governments (local, provincial, and federal), try to stabilize the economy - to minimize the effect of the busts and the booms - to guide the general economic activity and to ensure steady growth, high employment, and stability. One method of government regulation is using the role of Bank of Canada to attempt to maintain this stability.


Mark Carney, Governor of the Bank of Canada 2008-2013 and George Stroumboulopoulos, CBC Television (2011)