Saturday, 16 January 2010

Canadian productiivty drops during recession

Labour productivity in Canada has slipped during the recession, according to a report released Thursday from Statistics Canada. This is in contrast to previous recessions when productivity has risen.

These findings paint a troubled picture for Canada’s export-rich economy as there is a growing productivity gap with the United States - where productivity has risen during the recession. This makes it even harder for Canadian businesses trying to compete on the international stage.

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