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Upping our Game: How Canada’s Financial Sector Can Spur Economic Performance
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Citation | Jeremy Kronick and Omran, Farah. 2021. "Upping our Game: How Canada’s Financial Sector Can Spur Economic Performance." ###. Toronto: C.D. Howe Institute. |
Page Title: | Upping our Game: How Canada’s Financial Sector Can Spur Economic Performance – C.D. Howe Institute |
Article Title: | Upping our Game: How Canada’s Financial Sector Can Spur Economic Performance |
URL: | https://cdhowe.org/publication/upping-our-game-how-canadas-financial-sector-can-spur-economic-performance/ |
Published Date: | May 11, 2021 |
Accessed Date: | June 20, 2025 |
Outline
Outline
Related Topics
Unleash Financial Sector to Drive Economic Performance
- Rules and regulations holding back innovation and productivity in Canada’s financial sector should be updated to drive wider economic performance.
- Over the past 18 years, Canada has lagged behind many OECD countries – including Australia and the UK – in terms of productivity. And with the pandemic’s impact exacerbating pre-existing weaknesses and damaging productive capacity, enhancing productivity growth will be vital to drive Canada’s economic recovery.
- “The financial services sector has the unique ability to boost both its own productivity and that of other sectors,” says co-author Jeremy M. Kronick. “That’s why it’s for the benefit of the Canadian economy to remove restrictive rules that hinder financial services productivity.
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