Canada has recorded a remarkably bad productivity performance. Productivity has been tepid in terms of absolute growth rates and relative to the growth and levels recorded in other major economies. If this continues it will threaten the standard of living of Canadians.
More Quotes from Don Drummond:
I think we have become insane with the attention we put on single indicators. The problem here is not Statistics Canada. The problem is how people use the survey.Don Drummond
That will reduce inflation pressures.
Don Drummond
You could take this equalization burden away from Ontario and it's still going to have those dollar issues, and the commodity prices issues.
Don Drummond
There's no doubt we have a mild case of Dutch disease running in Canada.
Don Drummond
You will see further back-up in yields. The economy is robust, which will add fuel to expectations the Bank of Canada will keep raising interest rates.
Don Drummond
That's not quite as forthcoming as B.C. and Manitoba were, but I read that as still they're likely to do it - again provided the Conservative federal government follows through.
Don Drummond
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Based on Topics: Performance QuotesBased on Keywords: tepid
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