canadian economy

Having missed out on much of the economic feast of the past decade, we enter the economic famine without much fat on our bones. We have one of the worst productivity records among advanced nations. Our standard of living and our dollar continue to fall compared to the United States.

The Bank of Canada has been doing what it can by cutting interest rates. But it’s pinned down by the falling dollar. When Canadian interest rates are low, investors are reluctant to hold Canadian dollars and our dollar tends to lose value.