Canada’s Prosperity ‘Severely Compromised’ Unless Productivity Increases, Former Bank of Canada Governor Warns

The prosperity of Canadians will be harmed unless the federal government manages to raise productivity, the former governor of the Bank of Canada, 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. “And unless we turn that around, Canadian prosperity for all Canadians will be severely compromised. Because we can’t redistribute what we don’t have.”...