We are in the early stages of a more widespread application of a wave of new technologies, such as 5G communications, AI (artificial intelligence) and machine learning, and 3-D printing.
In doing so, monetary policy has provided Canadian businesses with a more stable, lower interest rate environment in which to undertake the investments and cost controls necessary to adjust to the new competitive reality I have described. Looking to the future So, where is the Canadian economy now, and what are the prospects for the future?