· Tiff Macklem Wiki · Bank of Canada WikiThe role of Canadian business in fostering non-inflationary growth
Read full speech on bis.org ↗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
- Canadian business investment is low.
- ICT investment gap widened.
- Productivity growth is weak.
Solutions proposed
- Encourage business investment.
- Invest in technology.
- Sustain non-inflationary growth.