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Jan 6, 2024 · Canada is having a productivity problem. Economists explain that with growing wages, there's a risk of refuelling inflation if Canadian workers aren't more productive.
Jun 5, 2024 · Canada's economy is stuck in neutral: RBC Nathan Janzen, assistant chief economist at RBC Economics, joins BNN Bloomberg to discuss tackling Canada's productivity problem. Canada’s productivity problem has been decades in the making, but there are a number of easy steps that policymakers could take to start reversing the trend and improve ...
Mar 26, 2024 · Canada has been struggling on both measures for a while. Back in 1984, the Canadian economy was producing 88% of the value generated by the US economy per hour. That’s not great. But by 2022, Canadian productivity had fallen to just 71% of that of the United States.
Canada’s productivity problem has gone from bad to worse, a panel of economists told a conference in Toronto Thursday. Over an eight-year period, Canada has never seen slower labour productivity ...
Mar 26, 2024 · 1:58 What’s behind Canada’s productivity problem and why it matters Canada’s productivity has been declining for a year and a half, and many economists are worried about it.
Mar 26, 2024 · Three elements contribute to stronger productivity: capital intensity—giving workers better physical tools like machinery, and using new technologies to improve efficiency and output. labour composition—improving workers’ skills and training. multifactor productivity—using capital and labour more efficiently.
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Jun 12, 2023 · Australia, a resource-driven economy much like Canada’s, has improved its productivity over the last 20 years and is now performing five per cent better than Canada. Businesses surely have a role to play in upping productivity, but government must lead the way. One area to start: funding and tax incentives for investments in technology.
