Carolyn Wilkins: An update on Canada's economic resilience

Remarks by Ms Carolyn Wilkins, Senior Deputy Governor of the Bank of Canada, to the Saskatchewan Trade & Export Partnership, Regina, Saskatchewan, 6 September 2018.
Central bank speech  | 
10 September 2018

Introduction

It is great to visit Regina during the waning days of summer. I would like to thank Chris Dekker of the Saskatchewan Trade & Export Partnership for the invitation to give an update on Canada’s economic performance, and discuss the Bank of Canada’s interest-rate announcement yesterday.

The big picture over the summer has been that the global economy is doing well, despite some troubling developments on the trade front. Many countries around the world are continuing to grow and put people back to work. Here in Canada the economy has shown its resilience, operating near capacity for the past year—the first time that has happened since the global financial crisis.