Yes, growth has been a bit choppy and regionally uneven. But the economy as a whole has finally recovered from the global financial crisis of 2008 and the 2014 collapse in oil prices. Inflation is close to target, the economy is operating at capacity, and unemployment is very low. I know that this assessment will sound too rosy for some Canadians.
Oil-producing regions continue to adjust to low prices and deal with shipping constraints. We face daily uncertainty around the future of NAFTA. And people are nervous about digital technology, and about how it will disrupt industries and lead to widespread job losses. This is what I would like to talk about today—digital disruption, and how it is affecting our economy and monetary policy.