For only as we come together and work towards the same goal, can we preserve what we have achieved and ensure that our economy sustains its position of strength. 4  BIS central bankers’ speeches
I know many of you felt this acutely. 2 The weakness in spending was mostly due to services consumption (about 75 percent). 3 The consumption categories are based on those used in J. MacGee, T. M. Pugh and K. See,  “The Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings,” Bank of Canada Staff Working Paper No. 2020-51 (November 2020).