Productivity Declining in Every Canadian Province: StatCan Report

Productivity is on the decline in Canada with business performance dipping in all 10 provinces last year, according to the latest government statistics. While productivity decreased 2.2 percent in Canada as a whole, marking the country’s third consecutive annual decline, three of its largest provinces shoulder most of the blame, a report from Statistics Canada found. Ontario, Quebec, and Alberta accounted for more than 80 percent of the national decline in business productivity in 2023. Productivity is the number of products and services produced per hour and is key to a strong economy and high standard of living. Ontario contributed -0.97 percentage points to the decline, Quebec, -0.55 percentage points, and Alberta, -0.25 percentage points, StatCan said, adding that the construction sector was the main source of the decline in all three provinces....