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The financial system, which consists of financial institutions, financial markets, and clearing and settlement systems, lays an important role in a nation’s economy. Sound and efficientfinancial systems can make a significant contribution to economic growth.

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Business College Currency

The artifacts pictured on the cover form part of the National Currency Collection, Bank of Canada.

Photographed by Gord Carter, Ottawa

Over the past year, Canada’s economy has outperformed the economies of virtually all the other major industrial countries.

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Welland Canal Note

The note, signed by Merritt as company president, measures 184 mm by 82 mm and forms part of the National Currency Collection, Bank of Canada.

Photography by James Zagon, Ottawa.

t the time of the April Monetary Policy Report, it was evident that a robust economic recovery was underway in Canada.

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Japanese Hansatsu

The notes on the cover range in value from 5 ryo to 50 mon and date from the late eighteenth century to the mid-nineteenth century. The largest measures 5.5 by 16.8 centimetres. All four pieces are part of the National Currency Collection, Bank of Canada.

Photography by James Zagon, Ottawa.

At the time of last November’s Monetary Policy Report, two issues dominated the analysis: the global economic slowdown and the fallout from the September terrorist attacks.