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Canada's Productivity Gap: A Looming Crisis

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Economy News

Canada,Productivity Gap,Economy

Mark Wiseman, a Canadian investment manager, highlights the growing productivity gap between Canada and other developed countries. He emphasizes the need for the government to address this issue in the upcoming budget.

Mark Wiseman is a Canadian investment manager and business executive who serves as a senior adviser for Boston Consulting Group and a board member for NOVA Chemicals.

It’s a critical question for our current and future prosperity, albeit one that I fear the budget will do little to answer convincingly.Quarter after quarter, year after year, and decade after decade, Canada’s productivity deficit has only grown worse. Today, the OECD projects Canada to be the worst performing of 38 advanced economies over the next 40 years.

We have created a self-fulfilling prophecy of lethargy and insularity, making Canada an unappealing place to invest and one where the ultimate measure of living standards –

 

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