The head of Wealthsimple Inc. called Canada’s productivity problem an “absolute crisis” that will take a major entrepreneurial push to fix.
James Marple, associate VP and senior economist of TD Economics, joins BNN Bloomberg and talks about Canada 's productivity slowdown.
Part of the problem is an overreliance on a handful of industries, Katchen said, pointing to the resource sector. In March, Bank of Canada Senior Deputy Governor Carolyn Rogers flagged the country’s productivity problem in a speech that kicked off a national dialog, drawing input from other policymakers and business leaders.
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