Don Drummond Quotes

"There's no doubt we have a mild case of Dutch disease running in Canada."

"What Canada needs is a shift in focus away from consumption and towards savings and investment,"

"Canada has recorded a remarkably bad productivity performance. Productivity has been tepid in terms of absolute growth rates and relative to the growth and levels recorded in other major economies. If this continues it will threaten the standard of living of Canadians."

"You will see further back-up in yields. The economy is robust, which will add fuel to expectations the Bank of Canada will keep raising interest rates."

"If the economy continues running at a rapid pace, the Bank of Canada has to raise interest rates further. Yields will go up as people expect the Bank of Canada may go more than just one more time."