There are two aspects to it. I'd answer it slightly differently, in the sense that there is unused potential, and it's a question of ensuring that we have the demand to close the gap. That demand takes various forms. Particularly important for our projection will be a pickup of business investment, and also gradually a pickup of exports.
I mentioned earlier to Mr. Adler that we have, in our view, a conservative forecast for exports in Canada relative to global demand, but that's based on some underperformance in the past.
So those are the two elements that would pick up on the demand side. But in reaching our full potential, I would almost change it slightly, I think, in the spirit of the question, which is that it's a question of further developing our potential.
We have a big demographic challenge in this country, an issue that this committee has studied in the past. We're at a phase where that contribution from labour input right now is about 0.7 to 0.8 percentage points of that 2.1. Five years back, it was about 1.5 percentage points of growth, because we were just that much younger as a population and the increase in participation of all strata of society was such....
What we need, in order to keep that speed limit up, is to grow productivity in this economy. That's going to take investment. That's going to take skills development. That's going to take flexibility of the Canadian labour market.
Our contribution at the bank to all of this is to deliver price stability and contribute to delivering financial stability so that all those good things can happen in an environment of relative certainty.