Carolyn Wilkins - Bank of Canada

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Last quote by Carolyn Wilkins

Trade is a great driver of productivity, and so the risk of growing protectionism concerns me. Disrupting supply chains and reducing incentives to compete will not create more jobs and incomes in the long run. It's really, from our read, the combination of those costs and uncertainties outside of financing that are holding some businesses back right now and clearly the uncertainty that surrounds the trade policies of the new administration in the U.S. haven't made that any easier. Worsening income inequality can lead to weaker macroeconomic outcomes and financial instability.feedback
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Apr 18 2017 Inequality
This page is completely dedicated to what Carolyn Wilkins has to say. All of Carolyn Wilkins’s quotes are organized here by date and topic. The most recent quote attributed to Carolyn Wilkins came from an article called Bank of Canada warns of hit from U.S. trade protectionism: “It would not be good news for the United States or for us ... there will be an impact on demand but also an impact on supply and on Canada's growth potential that would be fairly significant. You can expect supply chains that will be much less productive, so there could be a shock to our productivity rate, which is already not very high. They might find other markets, they might find other value chains elsewhere in the world that don't involve the United States. I can tell you there are base cases that could be very negative for Canada.”.
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Quotes by Carolyn Wilkins

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