Tiff Macklem cible la productivité des entreprises pour atténuer l'inflation!

The Governor of the Bank of Canada warns that interest rate hikes are coming, but that companies will also have to increase their productivity to help limit long-term price increases. In the prepared text of a speech for a Canadian Chamber of Commerce virtual event, Tiff Macklem said businesses would have an important role to play in increasing their investments in worker productivity to create non-inflationary growth.

According to him, boosting labor productivity, which measures output within a specific range, is necessary so that wage growth is not accompanied by increases in unit labor costs.

Tiff Macklem says Canadian business investment has lagged U.S. business investment for a long time, including in some sectors like information and communications technology, but he notes there are signs of an upcoming uptick in spending.

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