Bank of Canada Highlights Investment Need to Combat Inflation The Bank of Canada emphasizes the urgent need for businesses to increase investments in productivity to combat inflation. Senior Deputy Governor Carolyn Rogers described the situation as critical for economic protection against inflation without depending solely on higher interest rates. Despite high rates, it’s premature to discuss reductions. Canada’s productivity struggle, marked by minimal investment and underutilized newcomer skills, could exacerbate inflation as globalization benefits diminish. Recent data shows a pressing need for reversing the trend of declining productivity. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts US Debt Interest to Eclipse Defense Spending READ MORE Iran’s Currency Hits a Record Low READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand READ MORE Gold Prices Hit Fresh Record Highs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment