Shouldn’t Ms. Rogers be in jail? I thought Canada had laws to punish such inflammatory talk.
Posted on 03/27/2024 7:50:40 PM PDT by yesthatjallen
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades.
“You know those signs that say 'In an emergency, break the glass?' Well, it's time to break the glass,” Bank of Canada senior deputy governor Carolyn Rogers said in a speech Tuesday.
Rogers said Canadian labour productivity eked out a small gain at the end of last year, but that came after six straight quarters where productivity fell.
She noted the U.S. has seen productivity gains coming out of the pandemic as firms found their footing, but Canada has not seen the same.
“In fact, the level of productivity in Canada's business sector is more or less unchanged from where it was seven years ago,” Rogers said.
The need to improve productivity comes as Rogers said many of the forces that helped create a benign environment for inflation in the past are going to fade away, or even reverse.
SNIP
(Excerpt) Read more at ctvnews.ca ...
They could... oh, I don’t know, quit punishing Alberta to keep it in its place.
Canada has a VERY ‘diversified’ population, so what’s the surprise here?
Or get rid of Fidel Trudeau who punishes all of Canada.
Shouldn’t Ms. Rogers be in jail? I thought Canada had laws to punish such inflammatory talk.
National Post reports, “Secret RCMP report warns Canadians may revolt once they realize how broke they are”.
A secret RCMP report is warning the federal government that Canada may descend into civil unrest once citizens realize the hopelessness of their economic situation.
“The coming period of recession will … accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,” reads the report, entitled Whole-of-Government Five-Year Trends for Canada.
In part & credit to National Post
https://nationalpost.com/opinion/secret-rcmp-report-warns-canadians-may-revolt-once-they-realize-how-broke-they-are
Isn’t Justin Trudeau just great!!
‘In an emergency, break the glass?’ Well, it’s time to break the glass,” Bank of Canada senior deputy governor Carolyn Rogers said in a speech Tuesday.
At this point, what can they possibly do ?
They could reverse out the green energy mandates, and reverse the future farm output reductions. But that just stop the bleeding.
To actually get productivity gains, things have to start getting better, not just getting less worse.
They have created such a housing bubble and household debt bubble that there is no way out.
If house prices start falling they will wipe out almost every household financially, as well as all the banks.
If house prices don’t fall, no-one who is not a millionaire will ever be able to own a house, or even a condo.
Yup, up next is the Carbon Tax on April fools day.
>>>Productivity is down...and with all those new immigrants.
Bingo on the immigration issue. Per a Stat some 40K/month or 500K/yr immigrants enter Canada. No wonder housing prices are skyrocketing! Yes, I know Trudeau’s government is trying to stem the inflow while doing a crash programing building homes. POOR POOR PLANING!!
How well the planning is dependent upon what they were trying to achieve.
What’s her plan? Printing more dollars?
The greatest desire of a politician is to get out of office before everything falls apart.
Her plan is to leave it to the next guy.
>>>How well the planning is dependent upon what they were trying to achieve.
8yrs & millions upon millions spent on consultants is plenty on trying. A bloated bureaucracy that’s reactive (with scandals) & little of preventative or predictive achievements.
Take all non white Canadians and place them into the ocean.
Productivity increases.
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