Schembri: mix of factors holding back Canadian investment
Openness to trade and immigration likely to boost growth, deputy says
A mix of cyclical and structural factors have combined to hold back Canadian investment, despite a solid recovery post-2008, the Bank of Canada’s Lawrence Schembri said on March 21.
The deputy governor pointed to two key cyclical factors affecting investment in recent years: a sluggish recovery in the US; and sharp drops in commodity prices, particularly oil. On the structural front, population ageing has led to a “marked slowdown” in labour force growth and an attendant “strong headwind” to
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