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Dear John,
A new study published by the Fraser Institute finds that Canada performed poorly on a number of important investment, employment and productivity indicators when compared to other high-income developed countries in the Organization for Economic Cooperation and Development (OECD).
For example:
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Growth in GDP per person - Canada ranked 20th out of 31 at 7.2%. The OECD average was 11.5%
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Business Investment - Canada had the second lowest level as a share of the economy.
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Growth in private non-residential business investment - Canada was the third worst among the OECD countries.
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Employment in the government sector - increased by 17.3% and was the fourth highest amount OECD countries.
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Labour productivity - increased to 10.3%, which is lower than the OECD average of 11.2%.
Canada’s relative underperformance, whether measured as growth in living standards, attracting investment, or the performance of the labour market, started more than a decade ago – and is actually worsening.
Check out the full study here.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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