First, I want to unpack the run-up in inflation over the past year or so and review how the factors behind inflation in Canada I would like to thank Erik Ens for his help in preparing this speech. Not for publication before October 6, 2022 11:35 Eastern Time  -2are shifting from global to domestic and from goods to services.
The Financial Accounting Standards Board proposed to require expensing in the early to middle 1990s but abandoned the proposal in the face of significant political pressure. The Federal Reserve staff estimates that the substitution of unexpensed option grants for cash compensation added about 2-1/2 percentage points to reported annual growth in earnings of our larger corporations between 1995 and 2000.