Canada's Productivity Performance

Canada’s productivity picture just got a plot twist. Revised data from Statistics Canada suggests the productivity slump of the past few years may not have been as dire as previously believed. Earlier numbers showed productivity falling in five of the last eight quarters. The updated figures flip that story: productivity actually rose in six of the last eight quarters.

The takeaway? Canada entered today’s trade and economic uncertainty in better shape than we thought — and we may now be on a modest upward trajectory. This isn’t quite a victory lap, but it is a reminder that the productivity crisis narrative needs updating.