The second is the importance of economic flexibility, by which I mean our ability to adjust to changing circumstances and return to full production potential as quickly as possible. Most of my remarks today relate to the first of these two themes; I will pick up on the second towards the end.
Canada's response to the global financial crisis As you know, the Bank's monetary policy objective is to achieve its 2 per cent inflation target for the consumer price index (CPI). It is through inflation control, by providing Canadians with confidence in the future value of their money, that we contribute to good economic performance in Canada& – a means to an end.