Former Bank of Canada governor Stephen Poloz warns of low private sector investment and lost productivity in Canada due to higher government spending and US trade volatility.
Former Bank of Canada governor Stephen Poloz warns about low business investment and lost productivity in Canada's private sector, citing higher government spending and U.S. trade volatility as contributing factors. Poloz says certain government moves are leading to lower investment rates and productivity growth. Meanwhile, former federal finance minister John Manley highlights that productivity would improve with more investment, but Canada is failing to help its companies reach the scale needed for high productivity.
May 30, 2024
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