BOC’s Rogers: Low Canadian productivity is an emergency

• In future, inflation may be more of a threat than it has been over past few decades
• Productivity is a way to inoculate the economy against inflation
• Level of productivity in Canada’s business sector is more or less unchanged from where it was 7 years ago
• Recently we’ve had firms say current interest rate environment is making investment more difficult
• But investment levels were also weak in pre-pandemic years, when rates were much lower than today

This article was written by Adam Button at www.forexlive.com.