Thank you, Madam Chair.
I wish to thank the witnesses.
Mr. Macklem, your report is very compelling and well written, so congratulations for that.
I have three questions, if time permits.
The first relates to this ongoing conversation we're having about affordability being inversely related to prices and directly correlated to wages and that these things are inextricably intertwined. You've said, and I think we all know, that the best way to ensure that wages grow is to grow our productivity, which is obviously a major policy focus of this government. The kinds of infrastructure investments and attempts to attract capital investment to grow productivity in the country are the underlying assumption in that approach.
What are the major policy levers either in your control or in the control of government to ensure that productivity growth leads to wage growth?