Bank of Canada Urges Coordinated Approach to Boost Weak Productivity

Bank of Canada Urges Coordinated Approach to Boost Weak Productivity
A view of the Bank of Canada building in Ottawa, on May 8, 2025. Reuters/Blair Gable/File Photo
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OTTAWA, Nov 19The Bank of Canada on Wednesday called for a coordinated economy-wide approach to boost weak productivity, an issue it said was becoming more pressing in the face of challenges caused by U.S. trade policy.

The speech by Deputy Governor Nicolas Vincent was the latest effort by the central bank to urge policy makers to tackle decades of underperformance and insufficient investment.