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Canadian Chamber of Commerce: Canada’s Productivity Problem

Writer's picture: Francois R Bosse, CMCFrancois R Bosse, CMC
 

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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