BOC's Macklem: We expect business investment will grow faster in Canada than US

  • Comments from the Bank of Canada Governor via video conference to the Canadian Chamber of Commerce
BOC Macklem meme
  • There is some evidence global supply chain problems may have peaked
  • Canadian companies must follow through on their investment plans or risk losing out to US competitors
  • Productivity growth is vital to economic growth and to increasing wages without raising labor costs
  • US has been more nimble than Canada in the past

There's nothing market moving here but the loonie is having a decent day with USD/CAD down 36 pips to 1.2677.

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