I have set out the Bank's projections for a strong global economy, although nearterm weakness in the U.S. economy will lead to some slowing in Ontario. But this slowing should not be prolonged. The real challenge for policy-makers is to address the long-term structural issues facing Ontario's economy. Today, I've stressed the importance of human resources development and infrastructure.
There was a pause, and then someone asked how many economists were in the oil department. Again quick as a flash, Andrew said “about 40”. And then there was another pause as those at the dinner seemed by their silence to accept this as fact.