TORONTO — Stephen Poloz is concerned about investment levels in Canada’s private sector and says investment has been dampened by higher government spending and volatility due to U.S. trade relations.
Poloz says higher government spending is leading to lower investment rates and productivity growth in the private sector. In March, a senior Bank of Canada official said the need to improve productivity has reached an "emergency level" with inflation becoming a bigger threat to the economy.Emigration from Canada to the U.S. hits a 10-year high as tens of thousands head south
The sounds of drilling, sawing, banging, yelling and smashing at 4 a.m. reverberate through the wall separating Samantha McArthur's bedroom from her next-door neighbours' home. This early May 17 morning is like many others in the past year and a half — the noise and vibrations emanating from the middle Hess Street North row house for hours makes it impossible for McArthur, and her neighbour Patrick Flynn, to sleep.