The Financial Post reports in its Wednesday edition that Bank of Canada deputy governor Carolyn Rogers says Canada must tackle weak productivity to inoculate the economy against factors that will drive future inflation, such as the pullback from globalization. The Post's Barbara Shecter writes that Ms. Rogers says Canada's productivity has fallen from a "not great" record of producing 88 per cent of the value generated by the U.S. economy per hour in 1984 to just 71 per cent in 2022. While weak investment has always been a problem in Canada, the gap between the level of capital spending per worker by Canadian firms and the level spent by their U.S. counterparts has become worse over the past decade. Ms. Rogers says, "While U.S. spending continues to increase, Canadian investment levels are lower than they were a decade ago." Canada has also fallen behind most of its G7 peers, with only Italy seeing a larger decline in productivity relative to the United States. She says we have all seen signs that say: "'In emergency, break glass.' Well, it's time to break the glass." Increasing competition is among the solutions she proposes. She wants policy-makers to focus on sectors and companies that add greater value to the economy.