It remains to be seen if future growth in demand will be sufficient to put pressure on the economy's supply capacity and lift inflation in a reasonable timeframe. It is certainly possible that this is the outcome. But if demand growth is not sufficient, the Board is prepared to provide additional support by easing monetary policy further.
But allow me first to review Canada’s performance during the recession and recovery. BIS central bankers’ speeches  1  A unique recession and recovery The broad economic strategy in response to the global financial crisis has been to grow domestic demand and to encourage Canadian businesses to retool and reorient to the new global economy. On the former, we have been successful.