The slowdown in productivity growth Productivity has been at the centre of many public discussions in Canada recently. For good reason, too, since productivity is critically important to growing incomes and rising standards of living over time.
Similarly, the use of information from other, non-monetary indicators under the second pillar of the monetary policy strategy has enabled the Governing Council to cross-check appropriately and to complement the information content of monetary aggregates and to take into account relevant information from various other sources in assessing the outlook for price stability.