Particularly hard hit have been Canada’s exporters, which were exposed to the full brunt of the global crisis. Their numbers out-and-out declined in the recession and, based on their ongoing weak output, have likely remained flat since then. The group most profoundly affected has been manufacturing exporters.
As Governor of the Bank, and along with Carolyn Wilkins, our Senior Deputy Governor, I have long believed that it was time for a woman, in addition to Her Majesty, to be on one of Canada’s bank notes. And we also heard from Canadians who told us that it was long overdue.