I'm just going to clarify one thing I said and then ask the senior deputy to respond since she's been leading the charge on productivity.
Just to be clear on what I said about the standard of living.... I didn't say that the standard of living is going to be ever lower. The economy is going to get back to growth. The standard of living of Canadians is going to improve. Without tariffs, it was up here. Unfortunately, we're now on a lower path. In the monetary policy report, our estimate is that this path is about 1.5% lower. That's material.
However, let me ask the senior deputy governor to talk about some of the things we could do to bend that lower curve back up to the higher path.