The global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity.
David Dodge
This e-mail is either a perpetration by a very ignorant person or its a hoax, but whatever it is its absolutely wrong
wrong person ignorant
There's still considerable monetary stimulus in the economy.
economy
global grow economy canadian
We do see a need for some depreciation of the U.S. Dollar over time, but that's to correct the global imbalances that are out there
time global
While there is no question that the sponsor is responsible for any deficit in the plan, it is not at all clear that the sponsor benefits from any surplus that may be generated.
benefits plan question responsible
For all residual risks to the pension plan? Both outcomes that lead to deficits and outcomes that lead to surpluses.
risks plan
I'm not saying that a disorderly correction to global imbalances is certain to happen. Nor am I saying that the global economy is inevitably headed for a deflationary shortfall in demand. What I am saying is that, as prudent policymakers, we must not rely on good fortune to help us muddle through. We need to get going on these policy issues now, before it is too late to take remedial action.
fortune action good global correction issues economy demand
Some modest further increase in the policy interest rate would be required to keep aggregate supply and demand in balance and inflation on target.
balance interest demand inflation
It's the fiscal balance of all levels of government combined that are really important.
government balance important
These changes, whatever changes may take place, have a one-year effect.
place effect
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