The unemployment rate has fallen from a peak of more than 10 per cent to just below 7 per cent. 2  BIS central bankers’ speeches  What is needed now is greater focus on the second element of the broad economic strategy that I mentioned earlier – Canadian businesses retooling and reorienting to the new global economy.
A deeper analysis of our trade performance proves the point. Export performance is lagging As I alluded to earlier, among the most striking features of the recent Canadian recession was the performance of exports.