It implies that, while our bi-monthly monetary policy deliberations have become intensely data-dependent and are likely to remain so with uncertainty and risk high, we will continue to see through the noise and focus on long-run outcomes. This stability in our approach to monetary policy can contribute to better long-term inflation outcomes and therefore a more favourable environment for investment.
We're just above the median of countries in the Organisation for Economic Co-operation and Development in terms of participation of women aged 25 to 54-Canada ranked 16th out of 38 in 2021. Recent improvements in universal child care may continue to narrow these differences, though the full effects will take time.