In a world where deleveraging holds back demand in our traditional foreign markets, the imperative is for Canadian companies to invest in improving their productivity and to access fast-growing emerging markets. This would be good for Canadian companies and good for Canada. Indeed, it is the only sustainable option available.
A virtuous circle of increased investment and increased  10  BIS central bankers’ speeches  productivity would increase the debt-carrying capacity of all, through higher wages, greater profits and higher government revenues. This should be our common focus.