OTTAWA, March 26 - The Bank of Canada on Tuesday said businesses urgently needed to boost investment to increase productivity, saying this would help insulate the economy against the threat of inflation.
"Increasing productivity is a way to protect our economy from future bouts of inflation without having to rely so much on the cure of higher interest rates."The Bank of Canada has raised rates to a 22-year high and says it is still too early to discuss when they might start coming down. Rogers did not mention a potential time line for rate cuts.
"What really sticks out is how much we lag on investment in machinery, equipment and, importantly, intellectual property," she said. Krispy Kreme has been aiming to open its outlets in at least 75,000 points of access such as quick-service restaurants and grocery stores around the world through a hub-and-spoke model. The partnership comes at a time when McDonald's has struggled with weak overseas demand at its restaurants as a result of boycott campaigns against the burger giant in some international markets in connection with the Israel-Hamas conflict, as well as tough macro economic conditions in China.