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Opinion

Canada needs to raise potential growth rate of economy

By David Crane       

But projections for the next few years suggest it is too low to meet our needs.

Finance Minister Bill Morneau, pictured. Looking for a future in which Canada can generate the wealth it needs to sustain and improve living standards for the young, support an aging population and can make the investments for a stronger, more innovative and low-carbon economy means our No. 1 economic policy challenge must be to raise the potential growth rate of the economy, writes David Crane. The Hill Times photograph Andrew Meade

TORONTO—Looking for a future in which Canada can generate the wealth it needs to sustain and improve living standards for the young, support an aging population, and make the investments for a stronger, more innovative and low-carbon economy means our No. 1 economic policy challenge must be to raise the potential growth rate of the economy.

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