Canada's Poloz says demographic shift may be shackling growth
Baby boomers present both risks and opportunities for the eocomy
Demographic forces and the hangover from the global financial crisis together are putting limits on economic growth, Bank of Canada governor Stephen Poloz said in a speech yesterday.
"A period of subdued growth after a financial crisis can still be regarded as cyclical," Poloz said. "But the global economy may not be just suffering through a hangover from the financial crisis. There are other, longer-term forces at work as well."
Poloz described these factors as separate but working together. On
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