Productivity is an indicator that can be used to measure the economic performance of a worker, a business, an industry or a geographic region, such as a province or a country. This background paper summarizes the key basic concepts related to productivity and its determinants. It then looks at how productivity has changed in Canada, [...]
Canada’s economic growth will slow in the years ahead as a result of the country’s aging population. One critical way to offset the impact of aging demographics is through faster productivity growth, supported by enhanced innovation. But Canada’s track record on productivity is dismal. Productivity (at its simplest, output measured in dollars per hour worked) [...]
Productivity into profits: A guide to digital technology adoption for SME productivity leaders To compete with foreign companies that produce goods at lower labour costs, Canadian small and medium-sized enterprises (SMEs) need to improve their productivity. They can do this by cutting the input costs (time, material and labour) of the products and services they [...]
It is no secret that Canadian businesses have fallen far behind foreign counterparts in competitiveness. Despite ranking ninth in the world in terms of digitization (what Booz & Company calls the mass adoption of connected digital technologies and applications by consumers, enterprises and governments), productivity levels in the private sector are considerably lower than in [...]
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