With inflation and inflation expectations well anchored on the 2% target, our economy, our workers and our businesses will be positioned for growth and prosperity. Thank you. 11 See T. Macklem, “A Measure of Work” (speech to the Winnipeg Chamber of Commerce,  Winnipeg, Manitoba, October 4, 2012).
- 12 -  Appendix The first chart shows the depth of the weakness in the labour market at the beginning of the pandemic. The red circle is where these indicators were before the pandemic. As you can see, in April 2020, almost every indicator was way below pre-pandemic levels.