The data suggest that material slack remains in the Canadian labour market, in contrast with the US labour market, which is close to full employment. At the same time, Canadian exports and business spending are still weaker than you would expect to see at this stage of the business cycle.
It is therefore not at all surprising to learn, that so many countries have put into place strategic policies, to ensure that financial literacy is available to all citizens. Here in the Pacific the importance of financial literacy has been recognized at the regional level by Pacific Education Ministers and Finance Ministers in 2009.