CAD: “BoC’s Rogers: Tackling Inflation Progress”
The BoC Deputy Governor Carolyn Rogers said inflation has long way to come down but we have to boost production in the manufacturing areas, skills development, Make competition, and give more employment then only we beat the inflation in Canada. Before Pre- Pandemic levels also less investments in Canada, More production has seen in last seven year ago from now. Rate cuts will boost the Business and more production is public and investors hope.
USDCAD is moving in Descending channel and market has reached lower high area of the channel
“Canada’s Urgent Need: Boost Productivity to Tackle Inflation Risk,” says BoC Senior Deputy Governor Carolyn Rogers.
Key Points:
– “Low Canadian productivity is a pressing issue.”
– “We’ve made progress on inflation, but there’s more to be done.”
– “Future inflation may pose a greater threat.”
– “Productivity acts as a shield against inflation; low productivity constrains economic growth.”
– “Post-pandemic productivity improvement hasn’t materialized as expected.”
– “Factors hindering productivity include lack of investment, competition, and skill utilization.”
– “Business sector productivity in Canada remains stagnant over seven years.”
– “Firms report financing challenges in the current interest rate environment.”
– “Weak investment predates the pandemic, even with lower interest rates.”
CAD: “BoC: Canadian Productivity Crisis at Emergency Level”
The BoC Deputy Governor Carolyn Rogers said inflation has long way to come down but we have to boost production in the manufacturing areas, skills development, Make competition, and give more employment then only we beat the inflation in Canada. Before Pre- Pandemic levels also less investments in Canada, More production has seen in last seven year ago from now. Rate cuts will boost the Business and more production is public and investors hope.
USDCAD is moving in Ascending channel and market has fallen from the higher high area of the channel
In Halifax, a senior Bank of Canada official emphasizes the urgent need to boost productivity, warning of a potential inflation threat in the future. Senior Deputy Governor Carolyn Rogers underscores that low productivity limits growth and increases inflation risk, while enhanced productivity can lead to faster growth, more jobs, and higher wages.
Rogers highlights Canada’s lag in investment compared to other nations, particularly in machinery, equipment, and intellectual property. She stresses the importance of aligning education and training with the skills required and fostering a more competitive business environment to drive innovation and efficiency.
This address precedes the Bank of Canada’s upcoming interest rate decision and monetary policy report scheduled for April 10.
CAD: “BoC Official: Canadian Productivity Crisis at Emergency Level”
The BoC Deputy Governor Carolyn Rogers said inflation has long way to come down but we have to boost production in the manufacturing areas, skills development, Make competition, and give more employment then only we beat the inflation in Canada. Before Pre- Pandemic levels also less investments in Canada, More production has seen in last seven year ago from now. Rate cuts will boost the Business and more production is public and investors hope.
USDCAD is moving in box pattern and market has reached resistance area of the pattern
A senior Bank of Canada official warns of an urgent need to boost productivity amid rising concerns about inflation. Senior Deputy Governor Carolyn Rogers emphasizes that low productivity hinders economic growth and increases inflation risk, while strong productivity fosters faster growth, more employment opportunities, and higher wages.
Rogers highlights Canada’s shortfall in investment compared to other nations, particularly in machinery, equipment, and intellectual property. She underscores the importance of aligning education and training with the required skills and fostering a more competitive business environment to drive innovation and efficiency.
This address precedes the Bank of Canada’s upcoming interest rate decision and monetary policy report scheduled for April 10.
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