Episode

#51:

Inflation

vs

Productivity

Stephen Johnston warns of the growing threat of stagflation—a dangerous mix of persistent inflation, declining productivity, and rising unemployment—driven by current macroeconomic conditions and policy choices. He highlights how Canada’s homebuilding sector already shows clear signs of these pressures, with escalating costs outpacing efficiencies Johnston argues that avoiding a prolonged slowdown will require deep structural fixes—boosting efficiency in construction, accelerating tech adoption, and revising policies to support productivity gains.

For full interview, click here.