However, in a game with multiple rounds, the best strategy to survive and win is by always being trustworthy and by cooperating. If you have to approach wage negotiations as a one-shot game, you could probably win by taking the most reckless or deceitful strategy.
After that I’ll provide an update on what’s been happening in the economy since October’s Monetary Policy Report, including trends that we’re keeping an eye on. Finally, in the spirit of openness that this speech represents, I want to review some of the things the Bank does to be accountable to Canadians—the people we serve.