Some public goods, such as effective supervision of globally important financial institutions, could be provided at the national level. Supranational institutions could be asked to take on specific tasks, such as monitoring global financial developments and identifying macroprudential risks, without undermining democratic principles.
Finally, I want to discuss structural changes in the labour market, such as the aging of the population, that we’d be grappling with even if the pandemic hadn’t happened. I will discuss what we are watching and what Canadian governments and businesses can do to help grow the supply of labour.