Organizations:
BMO Economics, Government of Canada, Organisation for Economic Co-operation and Development, and Statistics Canada
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Topics:
adoption of information and communications technologies in Canada, amount of fixed capital invested per worker, Canada-U.S. Free Trade Agreement, Canada's labour productivity, Canada's lagging GDP per capita growth, Canada's weak productivity performance, Canadian businesses' harnessing of new competitive technologies, Canadian living standards, COVID-19 pandemic, decline in investment per worker in Canada, declines in private investment in machinery and equipment in Canada, declining GDP per capita's implications for living standards and wage growth, digital technologies and business resiliency, employment-to-population ratio, growth in Canada's population, higher levels of market power in information and cultural services industry in Canada, impact of intangible assets, increasing investment in real estate, intangible assets and productivity growth, need for sustained increases in capital spending, other indicators of economic and social well-being, productivity as the key driver of GDP per capita, projections for Canada's GDP per capita to 2060, three sources of improvements in real GDP per capita, trends in GDP per capita, ways to improve productivity, weaker competition between firms in Canada, widespread adoption of digital services, and work intensity
Boosting productivity will require capital spending increases, more businesses using advanced technologies
Guest ContributorMay 8, 2024
Boosting Canada’s lagging GDP per capita will require increased capital spending, attracting more capital investment and more businesses using advanced technologies, Statistics Canada authors say.
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