The need to improve productivity in Canada has reached an emergency level, according to a senior Bank of Canada official.
That’s because, in the future, inflation could be more of a threat to the Canadian economy than the past few decades,
“I want to talk about Canada’s long-standing, poor record on productivity and show you just how big the problem is. You’ve seen those signs that say, ‘In emergency, break glass’. Well, it’s time to break the glass,” says Carolyn Rogers, senior deputy governor, Bank of Canada, speaking in Halifax.
