Canadian Chamber of Commerce: Canada’s Productivity Problem
- Francois R Bosse, CMC
- Jan 22, 2024
- 1 min read
In summary:
1. Canada’s productivity has decreased for 11 out of the past 12 quarters
2. Canada's productivity, as of 2023, returned to 2016 levels.
3. Canadian small and medium-sized enterprises (SMEs) account for 98% of all businesses
4. Automation has an 81% success rate but only a 33% use rate.
5. Main obstacles include: Slow Adoption of Technology, Regulatory Complexity and Lack of Access to Capital
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