Canada’s Productivity Challenges: Addressing Structural Change

Friday, 23 August 2024, 13:01

Canada’s productivity issues could require structural change according to Beata Caranci, SVP and chief economist at TD Bank. Caranci highlights the urgency for policymakers to tackle this pressing concern. The conversation sheds light on potential reforms needed to enhance productivity across various sectors.
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Canada’s Productivity Challenges: Addressing Structural Change

Canada’s Productivity Issues Highlighted

Beata Caranci, SVP and chief economist at TD Bank, recently warned that Canada’s productivity issues could require structural change. In a discussion held in March 2023, she described the situation as an emergency that demands immediate attention from policymakers.

Urgency for Action

According to Caranci, the time is ripe for policymakers to address these challenges head-on. She points out that enhancing productivity is crucial for maintaining the competitiveness of Canada’s economy in the global landscape.

  • Important Reform Areas: Investment in technology and skills training
  • Potential Policy Changes: Incentives for innovation and streamlined regulations

Conclusion: A Call to Action

As Canada grapples with its productivity issues, it is essential for stakeholders to engage in thoughtful dialogue and implement strategies that can lead to meaningful improvements.


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.


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