I want to reflect on the recommendations, even while putting some additional issues on the table. But before that, let me offer a quick recap of the macroeconomic situation. Growth is stabilizing on the back of a good harvest, strengthening exports, and some early signs of resumption of large stalled projects. However, growth is still very weak.
As these regions underwent a difficult adjustment process, sectors in other parts of the country were able to help absorb the slack that was created. The service sector was a primary force. That demonstrates the benefit of diversity in the Canadian economy. Monetary policy stimulus and a lower dollar together provided critical support to aggregate demand and facilitated the adjustment of labour and capital.