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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Canadian productivity fell behind, but better policy can help us


Earlier this year, a senior Bank of Canada official took the unusual step of publicly referring to Canada’s stagnant productivity as an “emergency.”  It is encouraging that the issue is now in the national spotlight. Boosting productivity is the only way to deliver sustainable increases in real incomes and improvements in living standards, particularly in the long-term.

Canada has been struggling to make gains on this core indicator of prosperity. From 2019 through the end of 2023, the level of productivity in Canada diminished slightly, while advancing by a hefty six per cent in the United States. Today, we rank 18th globally in the level of overall productivity ...

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