The agreement with the government has been renewed three times; in each case, the midpoint of the inflation target range has been confirmed at 2 per cent. Through this period—and with two different governments—there has been a growing shared appreciation of what inflation control has been contributing to Canada’s good economic performance.
People who are affected by globalisation or, for example, by digitalisation also have to be capable of recognising and taking advantage of opportunities in a changing environment. Education is the key to this. In a recent interview, Nobel Prize winner Robert Shiller pointed out that the United States has been lagging behind for some years now.