Business investment key to addressing Canada’s productivity crisis

The Bank of Canada’s senior deputy governor Carolyn Rogers recently raised the alarm on Canada’s productivity crisis, saying “it’s an emergency—it’s time to break the glass.” But to address Canada’s productivity problem, which is contributing to our stagnant living standards, we must first address Canada’s weak business investment.

While the federal and many provincial governments have prioritized immigration and bigger government in an effort to stimulate productivity growth and grow our economy, they’ve ignored business investment, which has significantly declined in recent years. From 2014 to 2022, inflation-adjusted total business investment—in plants, machinery, equipment, and new technologies, but excluding residential construction—in Canada declined by $34-billion.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ottawa barber shop steps away from Parliament Hill marks 100 years in businessJust steps from Parliament Hill is a barber shop that for the last 100 years has catered to everyone from prime ministers to tourists.
Source: ctvottawa - 🏆 29. / 67 Read more »

Doing business in China is growing tougher, more uncertain, European business group saysBEIJING (AP) — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Creating a unique business plan: Setting your business up for successNorthern Credit Union provides essential support for entrepreneurs in Northern Ontario
Source: SooToday - 🏆 8. / 85 Read more »

Creating a unique business plan: Setting your business up for successNorthern Credit Union provides essential support for entrepreneurs in Northern Ontario
Source: sudburydotcom - 🏆 6. / 89 Read more »