22 Quotes by Don Drummond

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.

Ontario is not growing as fast as other areas. Is it appropriate to blame that on equalization? I would say no,

But the subject has not gripped the hearts and minds of most Canadians.

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.

He did a very good job as finance minister in Ontario. He's a very strong candidate for that position.

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.

We don't have anything in the safety net other than welfare, which is why there's nothing else to catch them on the way down, so they end up on the welfare rolls -- which is inappropriate.

What Canada needs is a shift in focus away from consumption and towards savings and investment,

We sometimes forget that the U.S. economy is a quarter of all world demand for oil, so if it slows down it should take some of the froth off the demand side.