A senior official at the Bank of Canada is calling for more competition in the banking sector to better serve Canadians and the economy.
Senior deputy governor Carolyn Rogers laid out her case for a more competitive Canada in a speech at the Canadian Club in Toronto on Thursday morning.
Rogers sounded the alarm in a speech last year on Canada’s productivity crisis, arguing that as business investment levels flagged, the resilience of the economy and Canadians’ quality of life were at risk.
On Thursday, she said that issue took on greater urgency when the United States launched its trade war earlier this year….