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With all this talk about trade, we're missing the real problem with Canada's economy
Such robust demand is exposing how little spare capacity the economy has. Companies are running up against production constraints and labour shortages, while an inflation rate of 3 per cent is the highest in the Group of Seven. “Trade uncertainty is on everyone’s mind but demand is strong and so for a number of our clients labour is a bigger issue, and it includes both finding qualified skilled labour as well as upward pressure on labour rates,” Royal Bank of Canada Chief Financial Officer Rod Bolger said in a telephone interview last week. Evidence Abounds The evidence of tightening is everywhere: the ... (full story)