Bank of Canada's Senior Deputy Governor warns that Canada's productivity is at an "emergency" level, threatening economic growth and inflation control.
Bank of Canada's Senior Deputy Governor, Carolyn Rogers, warns that Canada's productivity has reached an "emergency" level, posing a potential threat to future economic growth and inflation control. Rogers cites weak business investment and lack of competition as factors limiting Canada's productive capacity. Improving efficiency would allow for faster growth, more jobs, and higher wages with less inflationary pressure.
March 26, 2024
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