• Canada’s Productivity — An Emergency 40 Years in the Making

  • Feb 5 2025
  • Durée: 23 min
  • Podcast

Canada’s Productivity — An Emergency 40 Years in the Making

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  • Résumé

  • This episode of The Business Data Lab Podcast explores Canada’s “productivity emergency” and why the country ranks second-lowest in the G7 for labour productivity. Host Marwa Abdou, Senior Research Director, and Andrew DiCapua, Economist at the BDL, break down the challenges—from 11 consecutive quarters of negative productivity growth to underinvestment in technology and an overreliance on low-productivity sectors.


    “Canada is leaving untapped potential on the table,” Marwa says in the episode. “Skilled immigrants, innovative industries, and tools like AI could transform our productivity story.” Andrew adds, “Productivity isn’t just about numbers. It’s about creating more value with the same resources, which drives higher wages and economic resilience.”


    Despite the challenges, the episode offers hope by spotlighting Canada’s high-productivity industries—like natural resources and finance—and the transformative potential of generative AI. With 14% of businesses planning to adopt AI, Andrew urges leaders to embrace these tools to stay competitive.


    Resources:

    • Reports and tools: businessdatalab.ca
    • Key reports: Prompting Productivity and Business Insights Quarterly
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