The booming use of productivity-eroding stock buybacks will come under the microscope with new federal tax

Stock buybacks have played a very significant role in the growth of income inequality and the declining economic prospects of the North American middle class.

In a recent speech, Bank of Canada Senior Deputy Governor Carolyn Rogers dwelled on the long-standing lack of business investment in machinery and equipment by Canadian companies, but didn’t mention the controversial issue of share buybacks, writes Les Whittington.The Hill Times photograph by Andrew Meade

Opinion

BY LES WHITTINGTON

April 3, 2024

OTTAWA—Bank of Canada Senior Deputy Governor Carolyn Rogers set off another round of alarm bells with her March 26 speech on this country’s productivity problem which she said has become an economic emergency endangering Canadians’ very standard of living.

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