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 True Inflation May Have Peaked in Late 2022 READ MORE Tech Titans Propel S&P 500 to Unprecedented 5,600 Milestone READ MORE Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE NYT: A Strong U.S. Dollar Weighs on the World READ MORE SOFR Options Hint at Cautious Fed Rate Increases in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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