Stage 3 – the policy recommendations of staff – typically occurs on Friday, two days after the major briefing. A senior member of the Canadian Economic Analysis Department or the International Department is asked to summarize and update the material that has been presented in Stages 1 and 2, and to provide a recommendation regarding any policy action that should be taken.
Conversely, ownership structures in the financial sector or the absence of strong potential foreign competition could dampen the pressure for efficient cost control and equalisation of additional earnings over time. So it is an important financial sector management task regularly to focus on ensuring a balance between employee earnings levels and productivity and value for the company.