Canada Might Be Going Dutch But The Real Problem Is Productivity: OECD

PARLIAMENT HILL—Call it Dutch disease if you like, but the real problem facing Canada’s economy isn’t a high dollar gutting the manufacturing sector, it’s an ongoing fall in productivity. That’s the word from the OECD in its 2012 economic survey of Canada released Wednesday. There are other threats to Canada’s ongoing prosperity, including burgeoning household debt and an overheated Toronto condo market that could indicate a real estate bubble.

Finance Minister Jim Flaherty speaks with reporters on Wednesday. Flaherty welcomed the OECD’s praise for how Canada has weathered the economic downturn. Matthew Little/The Epoch Times

PARLIAMENT HILL—Call it Dutch disease if you like, but the real problem facing Canada’s economy isn’t a high dollar gutting the manufacturing sector, it’s an ongoing fall in productivity.

That’s the word from the OECD in its 2012 economic survey of Canada released Wednesday.

There are other threats to Canada’s ongoing prosperity, including burgeoning household debt and an overheated Toronto condo market that could indicate a real estate bubble.