The sooner they start aligning their portfolios, the quicker misallocations will be corrected and transition risks become less relevant. 6. Conclusion Ladies and gentlemen Just like the CO2 levels in the atmosphere, the CO2 levels in this room are on the rise. Before they reach a critical level, let me summarise.
They indicate the Canadian economy had considerable momentum through to about the middle of the fourth quarter of 2020, and extraordinary fiscal and monetary policies have been working as intended. In today’s MPR, we estimate fourth-quarter growth at almost 5 percent, which is quite a bit stronger than we projected back in October.