Our capability for economic, statistical and legal research and analysis is also placed directly at the service of the nation, with advisory services and operational support to Parliament, the Government and other institutions, and with activity in international forums.
At the Bank, we estimate that potential output in Canada is likely to rise by about 3 per cent per year over the medium term (as shown in Chart 1). In estimating potential output, we find the emphasis on inflation control to be particularly helpful. It helps us to avoid systematic errors in assessing potential.