I would like to thank the governor and deputy governor for being with us. I want to commend them for their continued important work during difficult times and also to commend the governor for his work globally as chair of the Financial Stability Board.
Governor, back in October you said that you found some elements of the occupy movement protests entirely constructive. You said in an interview that you acknowledged the movement is an understandable product of an increase of inequality, starting with globalization and then made worse by the financial crisis. You said, “You've had a big increase in the ratio of CEO earnings to workers on the shop floor and then on top of that, a financial crisis”.
How important an issue do you believe income inequality is for Canada?