Canada’s trying to fight inflation and restore economic growth through rear-view mirror policies

From geopolitical tensions to rising debt levels and aging, the effect of these trends is a reduction in the capacity of the supply side to respond to increases in aggregate demand. Supply cannot keep up, so this gap is taken up by price increase that are driving inflation. New approaches are needed.

Deputy Prime Minister Chrystia Freeland, pictured recently at the National Press Theatre in Ottawa, will deliver the fall economic update in the House on Nov. 21. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

November 13, 2023

TORONTO—The biggest economic problem we have in Canada is that we are trying to fight inflation and restore economic growth through rear-view-mirror policies. The consequence, without change, is likely to be a new era of stagnation.

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