Productivity is on the decline in Canada with business performance dipping in all 10 provinces last year, according to the latest government statistics.
While productivity decreased 2.2 percent in Canada as a whole, marking the country’s third consecutive annual decline, three of its largest provinces shoulder most of the blame, a report from Statistics Canada found. Ontario, Quebec, and Alberta accounted for more than 80 percent of the national decline in business productivity in 2023.
