The report uncovers new evidence about the source and extent of Canada’s productivity problem, and offers specific measures to correct it. It is the result of a comprehensive year-long study in which Deloitte surveyed more than 900 North American business leaders and conducted a deep examination of more than 25 drivers of productivity - everything from our national brand to military spending. The report identifies six productivity challenges confronting business:
- chronic under-investment in machinery and equipment
- sheltering of the Canadian economy
- increasing competition for human capital
- inefficient and insufficient support for innovation
- lack of risk capital for start-up companies
- risk aversion
Eight steps are recommended for enhancing Canadian business productivity: educate, populate, innovate, incubate, co-locate, update, accommodate, and facilitate. Access the study and learn more about these eight steps.
