We will never stop looking for ways to make our framework better, and to provide greater certainty to Canadian businesses and consumers. This goes beyond the targets themselves to include the tools we use to pursue them. Economic models remain at the core of the entire inflation-targeting process, and models require investments to capture many new complexities in today’s economies.
Why would GDP, which is an economy-wide concept, be available in a timelier manner than statistics on general government deficit and debt? My second point is that there should be mechanisms to ensure that governance and quality provisions laid down in the European statistics Code of Practice of the ESS 3 are fully adhered to.