Economists “Downbeat” on Trudeau Liberals’ “Lame” Economy

Not a headline that you want to see as the party in power going into an election:

Downbeat’: BMO’s guide to Canada’s lame economy, the loonie and interest rates

…“The bad news is that wages and productivity are depressed, with the former rising about 2 per cent in the past year and the latter stalling after a listless decade,” said the report released this week.

“Zero real wage gains provide little support to consumers, while zero productivity undercuts competitiveness further,” it added. …

This, despite a booming U.S. economy with real wage and productivity growth. Imagine if or when the U.S. economy falters.

Joel Johannesen
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