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Neoliberalism is Canada's real productivity problem – Canadian Dimension

It is rare for the Bank of Canada to say that we face a national economic emergency. But that is exactly what Deputy Governor Carolyn Rogers did on March 26. She was referring to Canada’s dismal record on labour productivity, which is indeed a major, albeit long-standing issue. Her widely publicized speech put a sharper focus on very weak Canadian economic performance, especially relative to the US.

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CAD: Markets Await GDP Release - Action Forex

During the Asian session on Wednesday, the USDCAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to a surplus in API Weekly Crude Oil Stock, indicating an oversupply. Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers raised concerns about Canada's low productivity and highlighted inflation concerns. Meanwhile, the US Dollar Index (DXY) rose amid a risk-off sentiment ahead of the US Personal Consumption Expenditures (PCE) release, but declining US Treasury yields suggest market expectations of potential rate cuts by the US Federal Reserve.

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BoC's Rogers: Inflation has come a long way down, we need to finish the job

"Canada urgently needs to boost productivity to help hedge against the risk of higher inflation," Bank of Canada (BoC) Senior Deputy Governor Carolyn Rogers said on Tuesday.

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Rogers: Time to break the glass: Fixing Canada's productivity problem

Rogers: Time to break the glass: Fixing Canada's productivity problem
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Bank of Canada warns of low productivity 'emergency,' making it harder to control inflation

In a speech Tuesday in Halifax, Senior Deputy Governor Carolyn Rogers pointed to weak business investment, meager competition and failure to properly integrate skilled immigrants into workforce

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