The Financial Post reports in its Friday, Oct. 10, edition that Carolyn Rogers, senior deputy governor of the Bank of Canada, says that encouraging competition in Canada's economy is a significant method for enhancing productivity, especially within the financial sector. The Post's Jordan Gowling writes that during a speech at the Canadian Club in Toronto Ms. Rogers said: "Greater contestability, more new entrants and more innovation in our financial sector would lead to competition that's good for consumers, for productivity and for our economy. We should lean into it." Canada's productivity slump has drawn attention from policy-makers and economists. Last year, Ms. Rogers described it as "an emergency." The trade war with the U.S. has intensified the urgency, as productivity fell by 1 per cent in the second quarter, marking the steepest decline in three years. Ms. Rogers says: "Higher productivity won't make Canada immune to U.S. trade policy, but it would help buffer the effects of tariffs. And it's the clearest path to boosting real wages, making life more affordable." She says competition is one area that can force firms to be more efficient, more innovative and attract more investment.