Mr Poloz is encouraging growth, a practice which has brought great wealth to Canada. However it is now passe'. As Pickett and Wilkinson showed in their thoroughly well researched book "The Spirit Level", growth in the economy does not improve living conditions. Yes, it does in developing countries but not in developed countries. Growth is good for business.

In their search for the reason that some countries are better places to live, they discovered that in  "eleven different health and social problems: physical health, mental health, drug abuse, education, imprisonment, obesity, social mobility, trust and community life, violence, teenage pregnancies, and child well-being, outcomes are significantly worse in more unequal countries, whether rich or poor." They could not explain why this occurred but the data was solid over 23 developed countries. Namely the higher the income inequality, the poorer the living conditions.

So time to move from the economy to income inequality as a goal.