As Finance Minister Chrystia Freeland puts the finishing touches on her 2022-23 budget to be unveiled Thursday, she should focus on a report predicting Canada’s economic growth is poised to be dead last among advanced countries for four decades.
Productivity is driven by businesses investing in new technologies, making work more efficient, thus increasing economic output, a key driver of living standards for Canadians.
David Williams, vice-president of policy at the B.C. Business Council, wrote recently that the OECD report predicts Canada’s real GDP growth per capita from 2020-30 will be just 0.7% annually, dead last among the 38 comparable nations of the OECD.
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