At a press conference last week, you argued that high stock prices, rising corporate debt and the amounts borrowed by investment funds pose significant risks to Canada, particularly given the economic and geopolitical situation.
Indeed, when it comes to youth unemployment, Mr. Vincent, a deputy governor at the Bank of Canada, noted that 22.5% of the unemployed had been out of work for more than 27 weeks, in a market where employers are looking for more experience. These factors have an impact. One of the tools available to Bank of Canada, and I think you alluded to this at the end of your response, is the policy rate.
Am I to understand that the Bank of Canada could adjust its policy rate in the short term?