Productivity Challenges in Canada and the Importance of Growth

Productivity growth in Canada has stalled over the last five to six years, contrasting with the US, where it has been nearly 2% annually. The US' predominant tech sector drives significant productivity gains. Canada faces challenges like lower business investment, fixation on housing, and issues with recognizing skilled immigrants' qualifications, hindering their contributions to higher productivity. While productivity isn't just about working harder but working smarter and more efficiently as a society, these challenges impact the speed at which Canadians' standard of living can improve.