Don't overlook how government policies hinder economic growth

In a recent speech, Bank of Canada Senior Deputy Governor Carolyn Wilkins outlined a number of reasons for why we’re experiencing slow economic growth including the effect of demographic changes on labour supply, stagnant productivity, and a slowdown in business investment. However, the speech overlooked how recent policy choices by Canadian governments—including increases in spending, debt, taxes and regulation—also hinder growth.Let’s start with federal policies. The Trudeau Liberals remain committed to a misguided fiscal policy approach that spends borrowed money in the hopes of increasing prosperity. The government itself projects deficits over the next five years totalling $113 billion, but

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