Compared to last year, Canadians now produce two per cent less for every hour worked
So when you hear about declining productivity, you can be sure you’ll see its impact in your bank account, particularly if you’re a worker who relies on income from labour, rather than assets. As Tombe writes, “Simply put: lower productivity almost always means lower living standards.”
When it comes to climate, Prime Minister Justin Trudeau’s Liberals rely heavily on new taxes and blocking projects to achieve their net-zero goals, rather than capitalizing on our energy sectors’ strengths to provide the world with cleaner power. Promising new technologies and green energy projects areWe’re also home to an abundant supply of the exact critical minerals desperately needed by in-demand battery plants, but can’t reliably get them out of the ground.
Add to this a federal government that discourages, if not actively limits, competition. If a large corporation has no meaningful competitors, they won’t feel compelled to boost innovation and efficiency. If a small business or potential entrepreneur feels competition is stifled, why bother? There’s a broad sense the game is rigged in favour of the same handful of oligopolistic winners, no matter how promising new business ideas and methods may be.
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