In a speech yesterday, you spoke about the weak job creation rate in Canada, which is less than 1%. You said it was “well below what one would expect from an economy that is recovering”. You also spoke at some length about the issue around youth underemployment and unemployment, referring to the fact that there are around 200,000 underemployed youth, and referring to adult children living in the basement of their parents' home.
Can you comment on the long-term economic cost to what some, including TD Economics, refer to as the scarring effect on the Canadian economy, the scarring effect of sustained youth underemployment and unemployment?