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Productivity Profile of Canada

 

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In Canada productivity-related policy issues and research are covered by a number of organisations, for instance:

  

Icon made by Freepik from www.flaticon.com Selected Publications


Statistics Canada: The Canadian Productivity Review (multiple);

Bank of Canada: Allocative Efficiency and Aggregate Productivity Growth in Canada and the United States (2021), Overlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown? (2021), The Productivity Slowdown in Canada: an ICT phenomenon? (2019);

Canadian Journal of Economics: Misallocation and aggregate productivity across time and space (2019), The Canadian Productivity Stagnation, 2002-2014 (2019);

Center for the Study of Living Standards: Firm-level productivity research in Canada: current state and future directions (2022);

C.D. Howe Institute: Productivity and the Financial Services Sector – How to Achieve New Heights (2019), Entrepreneurial Finance and Economic Growth: A Canadian Overview (2019);

Institute for Research on Public Policy: Global Value Chain Participation and the Productivity of Canadian Manufacturing Firms (2016), Trade and Productivity: Insights from Canadian Firm-Level Data (2015);

International Productivity Monitor: Productivity and Pay in the United States and Canada (2021), Frontier Firms, Productivity Dispersion and Aggregate Productivity Growth in Canada (2019), The Stylized Facts about Slower Productivity Growth in Canada (2019);

Journal of Public Economics: Environmental taxes and productivity: Lessons from Canadian manufacturing (2022);

OECD: Preparing for the Future of Work in Canada (2020), Workforce Innovation to Foster Positive Learning Environments in Canada (2020);

Structural Change and Economic Dynamics: Technological frontier, technical efficiency and the post-2000 productivity slowdown in Canada (2020).

  

Icon made by Smashicons from www.flaticon.com Data

 

CAN productivity growth graph‌ 

 

Click here to access our Compare-Your-Country tool and explore productivity data from the GFP member countries.  

  

 Latest OECD Recommendations

The business sector remains fragile in the wake of the crisis. Government schemes offering credit on favourable terms are welcome but need complementing with measures that help businesses in financial difficulties. Advancing on some of the longstanding structural issues in Canada’s business environment would help recovery.

  • Augment the insolvency system with an early-warning mechanism and a pre-insolvency regime for businesses in difficulty.

  • Expedite the removal of non-tariff barriers to internal trade.

  • More broadly, address the structural weaknesses in product-market regulation including in the areas of state-owned enterprise governance, public procurement, licence and permit requirements, and barriers to trade and investment.

  • Reduce the cost and improve the quality of telecommunications services, including broadband to rural and remote communities.

  • Continue to widen market access for mobile virtual network operators.

  • Tackle money laundering via the property market by tightening property registration rules to prevent the creation of opaque business structures.

  • Consider limits on cash transactions to shut down money laundering.

 

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