translate English to French: More importantly, all the signals are that the ﬁnancial services environment will become even more competitive (both domestically and internationally) and the current tax system in Canada does not leave our ﬁnancial institutions well-positioned to deal with this increased competition.154
Plus importante encore, tout porte à croire que l’environnement des services ﬁnanciers deviendra encore plus concurrentiel (tant au Canada qu’à l’étranger) et que, à cause du régime ﬁscal canadien actuel, nos institutions ﬁnancières ne seront pas bien placées pour y faire face154.