The more consumers are equipped to interpret disclosures, the more effective those disclosures are likely to be. A third feature of the moderate approach I am trying to chart is an active dialogue between policymakers and market participants. In my view, policymakers should serve as a voice for the development of infrastructure and sensible standards and practices.
Getting the balance just right is no easy task, and I want to explain what we’ll be watching in the labour market as we make monetary policy decisions in the months ahead. That starts with a look at the upheaval of the pandemic and what Canadian workers have been through over the last two and a half years.