Before getting too excited, a quick dive past the headlines into the agency’s data in real (inflation-adjusted) terms tells a very different story. The vast majority of investment growth is being consumed by inflation. Since rates hit a record low in 2020, over 70% of investment in building construction growth was non-productive. Bluntly put, the stimulus is making each dollar less effective at actually producing anything.
https://betterdwelling.com/canadas-non-productive-building-boom-inflation-killed-70-of-growth/
https://betterdwelling.com/canadas-non-productive-building-boom-inflation-killed-70-of-growth/
Before getting too excited, a quick dive past the headlines into the agency’s data in real (inflation-adjusted) terms tells a very different story. The vast majority of investment growth is being consumed by inflation. Since rates hit a record low in 2020, over 70% of investment in building construction growth was non-productive. Bluntly put, the stimulus is making each dollar less effective at actually producing anything.
https://betterdwelling.com/canadas-non-productive-building-boom-inflation-killed-70-of-growth/
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