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Bottom line? Canada’s potential growth rate remains in decline

But Bill Morneau's speech was too much a boastful bromide better suited for a partisan political rally than a sober and frank accounting of the core economic challenges facing the country and the risks they pose to future well-being.

Opinion
BY DAVID CRANE
November 26, 2018

Opinion | BY DAVID CRANE | November 26, 2018

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Who actually will own the new, big things to be built in Canada? Whose big new ideas will be used? Who will profit from the big, new opportunities? Will Canadians be more than employees of foreign multinationals?

Who actually will own the new, big things to be built in Canada? Whose big new ideas will be used? Who will profit from the big, new opportunities? Will Canadians be more than employees of foreign multinationals?

But the recent report on Canada’s fiscal outlook, quarterbacked by former Bank of Canada governor David Dodge, underlines the serious challenges we face. It assumes a potential growth rate of 1.8 per cent through the 2020s, too low to deliver the kind of country we want, writes David Crane.

But the recent report on Canada’s fiscal outlook, quarterbacked by former Bank of Canada governor David Dodge, underlines the serious challenges we face. It assumes a potential growth rate of 1.8 per cent through the 2020s, too low to deliver the kind of country we want, writes David Crane.

The most important way to fight inflation and to deliver a better country is by investment in research, training, branding, software, pursuits of new markets, business organizations and pursuing new knowledge.

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