Canada’s Prosperity Will Be ‘Severely Compromised’ Unless Productivity Increases, Carney Warns

Canada’s Prosperity Will Be ‘Severely Compromised’ Unless Productivity Increases, Carney Warns
Governor of the Bank of England Mark Carney speaks at a news conference at the Bank of England in London on Feb. 7, 2019. Hannah McKay/Pool/Reuters
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Canadians’ prosperity will be harmed unless the federal government manages to raise productivity, former Bank of Canada governor Mark Carney has warned.

“When we’re debating over our priorities, what we value, what we should be doing as Canadians, we should first acknowledge that we have less to spend because we have become less productive,” Mr. Carney said during a keynote address at Canada 2020’s Economic Lookahead dinner in Toronto on April 22.