Global critics fault Canadian system for lack of independence, teeth
Higher taxes inevitable, economist says
Although the economy is pulling out of an unprecedented recession, it is expected to be sluggish, it says
Financial crisis underlines need for regulators to focus on cross-border risks
GDP expected to fall 2.5% in 2009 before rising 1.2% in 2010
Slow recovery expected to take hold next year
Failure to deal with problems could exacerbate the global economic slowdown, IMF warns
Flaherty tables annual reports on Canada’s participation in World Bank, IMF and EBRD
Consolidating securities regulation would further strengthen stability framework
Leadership needed at international level to detect and respond to risks