Will Lower Mortgage Rates Be Enough? Canada's Productivity Crisis Exposed!
Update: 2024-11-01
Description
In this episode of the Make Money Count, we tackle one of Canada's most pressing economic challenges: the alarming decline in productivity. Join our hosts as they explore why productivity is crucial for our nation's growth and how Canada’s current situation compares to other developed countries, especially the U.S.
We delve into the impact of oligopolies, overregulation, and infrastructure deficits that stifle innovation and competition. With the Bank of Canada hinting at future interest rate cuts, we discuss how our unique mortgage market magnifies economic challenges.
Can Canada turn this trend around? What steps should we take to attract skilled workers and invest in the fundamentals of our economy?
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