Dominion Lending Centres Clearlease Reports OECD head tells conference that Canada must boost productivity
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports Canada must tackle its low productivity now that it has largely escaped the most severe economic challenges facing many countries around the world, says the head of the Organization for Economic Co-Operation and Development (OECD) on Monday June 6, 2011.
“The great challenge for Canada is productivity,” Angel Gurria, secretary general of the global agency, told the 17th annual International Economic Forum of the Americas.
Gurria didn’t provide any specific prescriptions for boosting the persistent problem, but said the government needs to address the issue for Canada to maintain its global competitiveness.
He said Canada is doing better than other countries because of the surpluses it enjoyed for a decade before the worldwide financial crisis in 2008 as well as its subsequent efforts to reduce the deficit and accumulated debt.
It now has the stability of a majority government when so many other countries face years of caretaker or unstable political leadership.
“Count your blessings Canadians. You just got a majority government and look what’s happening in the rest of the world,” Gurria said.
Chronically high unemployment across most OECD countries is making it hard for politicians because there are no quick-fix solutions, he said.
About 50 million are unemployed in OECD countries, about 13 million to 14 million more than before the crisis. Youth unemployment averages 20 per cent, but is as high as 30 or 40 per cent in some countries.
Governments can’t change direction despite weak numbers in any given month and stubbornly high unemployment, he insisted.
“We can’t be dealing with economic policy out of the seat of our pants because the numbers of one week,” he told the four-day conference.
“It’s about trends, it’s about averages and it’s about policies that will stay the course.”
The OECD’s long-term forecast through 2026 points to mediocre global economic growth, high deficits and debt levels and elevated unemployment rates that come down very slowly.
Gurria countered protectionistic views by saying governments must maintain open markets and investment flows and refrain from financial or currency exchange protectionism. He also said governments must take care of the most vulnerable in society even in the context of tight budgets.
Tiff Mackem, the Bank of Canada’s senior deputy governor, told the conference that central banks around the world have made progress in reforming the global financial system by creating a counter-cyclical capital buffer.
“The Bank of Canada played a leading role in the development of the buffer, which provides for additional capital to be built up during periods of excessive credit growth in anticipation of a future economic downturn,” Mackem said.
He said the focus is now turning to the issue of shadow banking, or market-based financing to strengthen the resilience of the financial system.
Central banks have a key role to recognize risks and prioritize them. But to do this effectively, “we need to raise our game,” he said.
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports Canada must tackle its low productivity now that it has largely escaped the most severe economic challenges facing many countries around the world, says the head of the Organization for Economic Co-Operation and Development (OECD) on Monday June 6, 2011.
“The great challenge for Canada is productivity,” Angel Gurria, secretary general of the global agency, told the 17th annual International Economic Forum of the Americas.
Gurria didn’t provide any specific prescriptions for boosting the persistent problem, but said the government needs to address the issue for Canada to maintain its global competitiveness.
He said Canada is doing better than other countries because of the surpluses it enjoyed for a decade before the worldwide financial crisis in 2008 as well as its subsequent efforts to reduce the deficit and accumulated debt.
It now has the stability of a majority government when so many other countries face years of caretaker or unstable political leadership.
“Count your blessings Canadians. You just got a majority government and look what’s happening in the rest of the world,” Gurria said.
Chronically high unemployment across most OECD countries is making it hard for politicians because there are no quick-fix solutions, he said.
About 50 million are unemployed in OECD countries, about 13 million to 14 million more than before the crisis. Youth unemployment averages 20 per cent, but is as high as 30 or 40 per cent in some countries.
Governments can’t change direction despite weak numbers in any given month and stubbornly high unemployment, he insisted.
“We can’t be dealing with economic policy out of the seat of our pants because the numbers of one week,” he told the four-day conference.
“It’s about trends, it’s about averages and it’s about policies that will stay the course.”
The OECD’s long-term forecast through 2026 points to mediocre global economic growth, high deficits and debt levels and elevated unemployment rates that come down very slowly.
Gurria countered protectionistic views by saying governments must maintain open markets and investment flows and refrain from financial or currency exchange protectionism. He also said governments must take care of the most vulnerable in society even in the context of tight budgets.
Tiff Mackem, the Bank of Canada’s senior deputy governor, told the conference that central banks around the world have made progress in reforming the global financial system by creating a counter-cyclical capital buffer.
“The Bank of Canada played a leading role in the development of the buffer, which provides for additional capital to be built up during periods of excessive credit growth in anticipation of a future economic downturn,” Mackem said.
He said the focus is now turning to the issue of shadow banking, or market-based financing to strengthen the resilience of the financial system.
Central banks have a key role to recognize risks and prioritize them. But to do this effectively, “we need to raise our game,” he said.
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports OECD head tells conference that Canada must boost productivity
VANCOUVER, BC (June 6, 2011) Dominion Lending Centres Clearlease Reports Canada must tackle its low productivity now that it has largely escaped the most severe economic challenges facing many countries around the world, says the head of the Organization for Economic Co-Operation and Development (OECD) on Monday June 6, 2011.
“The great challenge for Canada is productivity,” Angel Gurria, secretary general of the global agency, told the 17th annual International Economic Forum of the Americas.
Gurria didn’t provide any specific prescriptions for boosting the persistent problem, but said the government needs to address the issue for Canada to maintain its global competitiveness.
He said Canada is doing better than other countries because of the surpluses it enjoyed for a decade before the worldwide financial crisis in 2008 as well as its subsequent efforts to reduce the deficit and accumulated debt.
It now has the stability of a majority government when so many other countries face years of caretaker or unstable political leadership.
“Count your blessings Canadians. You just got a majority government and look what’s happening in the rest of the world,” Gurria said.
Chronically high unemployment across most OECD countries is making it hard for politicians because there are no quick-fix solutions, he said.
About 50 million are unemployed in OECD countries, about 13 million to 14 million more than before the crisis. Youth unemployment averages 20 per cent, but is as high as 30 or 40 per cent in some countries.
Governments can’t change direction despite weak numbers in any given month and stubbornly high unemployment, he insisted.
“We can’t be dealing with economic policy out of the seat of our pants because the numbers of one week,” he told the four-day conference.
“It’s about trends, it’s about averages and it’s about policies that will stay the course.”
The OECD’s long-term forecast through 2026 points to mediocre global economic growth, high deficits and debt levels and elevated unemployment rates that come down very slowly.
Gurria countered protectionistic views by saying governments must maintain open markets and investment flows and refrain from financial or currency exchange protectionism. He also said governments must take care of the most vulnerable in society even in the context of tight budgets.
Tiff Mackem, the Bank of Canada’s senior deputy governor, told the conference that central banks around the world have made progress in reforming the global financial system by creating a counter-cyclical capital buffer.
“The Bank of Canada played a leading role in the development of the buffer, which provides for additional capital to be built up during periods of excessive credit growth in anticipation of a future economic downturn,” Mackem said.
He said the focus is now turning to the issue of shadow banking, or market-based financing to strengthen the resilience of the financial system.
Central banks have a key role to recognize risks and prioritize them. But to do this effectively, “we need to raise our game,” he said.
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk