Competition, in especially the services sector, should be encouraged as this will increase the overall level of productivity in an economy. •  Another prerequisite for a thriving economy is the establishment and maintenance of good industrial relations within the labour market towards an equitable distribution of income between the various constituencies.
•  As a result of the current global economic and financial situation, the Bank now projects that the Canadian recession will be deeper, that our return to growth will be delayed by one quarter to the end of 2009, and that our recovery will be somewhat more gradual.