Bank of Canada Identifies Low Productivity Crisis as Growing Threat to Inflation Control
Tuesday, 26 March 2024, 13:29
Bank of Canada's Concern
Senior Deputy Governor Carolyn Rogers from the Bank of Canada delivered a speech in Halifax, pointing out the 'emergency' status of low productivity in the economy.
Factors contributing to the issue:
- Weak business investment
- Lack of competition
- Challenges in integrating skilled immigrants into the workforce
The warning highlights the critical need for immediate action to address the productivity crisis and its potential impact on inflation control.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.