Don Drummond Quotations

I don't think they have the financial wherewithal to do both.

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.

It wouldn't be unfair to say that not only is the horse out of the barn but Finance has no idea where the horse has gone.

These views are unfortunate, since the reality is almost the exact opposite.

Industrial policy too often amounts to taxing the winners to subsidize the losers.

The Canadian dollar really turns on commodity prices.

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.

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

So far the inflation side has performed well, but we know there are lags between capacity pressures and inflation, so we have to worry about that.

I think we have become insane with the attention we put on single indicators. The problem here is not Statistics Canada. The problem is how people use the survey.