Former Bank of Canada governor Stephen Poloz speaks at a conference in Ottawa on Nov. 24, 2022. Stephen Poloz is concerned about investment levels in Canada's private sector, which he says has been dampened by higher government spending and volatility in U.S. trade relations.
Over the past few years, the federal government has been implementing what it calls fiscal guardrails in its budgets to help guide its approach to its finances, set limits on deficits and avoid fuelling inflation.Trade relations with the U.S. that have become frosty at times in recent years have also dampened investment, he said.
"You need to build an investment climate where businesses are confident where they want to invest, where they feel that Canada has a comparative advantage that will benefit them if they make the investments and have access to markets," he said.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.
Abigail Strate is a member of the Canadian national ski jumping team and an Olympic bronze medallist. She's also a certified beekeeper.It's been a long time coming, but one Oilers superfan is hoping this will be the year he gets to touch up his massive Stanley Cup back tattoo.A man's daring rescue of a newborn wild foal that was trapped after falling down a steep embankment was caught on video over the weekend.
A rivalry between neighbours sparked in Kingsville, Ont., this week after a sign was raised across the street from an Oilers fan's house, poking fun at his allegiance to the team.'Severe weather' prevented 2 aircraft from transporting emergent patient from Grand Manan to the mainland: Ambulance N.B.
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