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The role of Canadian business in fostering non-inflationary growth

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, growth, investment and productivity, technology, ai and cyber risk

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· Tiff Macklem Wiki · Bank of Canada WikiThe role of Canadian business in fostering non-inflationary growth

ContextRemarks (delivered virtually) by Tiff Macklem, Governor of the Bank of Canada, to the Canadian Chamber of Commerce, Ottawa, Ontario, 9 February 2022.

Why it mattersMacklem urges Canadian firms to invest in technology.

Problems raised
  1. Canadian business investment is low.
  2. ICT investment gap widened.
  3. Productivity growth is weak.
Solutions proposed
  1. Encourage business investment.
  2. Invest in technology.
  3. Sustain non-inflationary growth.
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