Not f or publication before February 16, 2022 1:30 pm Eastern Time  2  more generally about how we are adapting our own practices at the Bank to better anticipate and respond to uncertainty in the future.
Looking back over the past two years Let me set the stage by briefly reviewing what has happened to the Canadian economy over the past two years. In early 2020, the pandemic triggered sudden and severe economic contractions around the world. In Canada, gross domestic product (GDP) declined by about 15% and about three million Canadians lost their jobs.