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Introducing Progressive Political Economy: A new video series spotlighting progressive economists and thinkers paving the way for a more just Canada. The first instalment features DT Cochrane, PhD, senior economist at the Canadian Labour Congress - Congrès du travail du Canada, responding to claims that Canada faces a "productivity" crisis. "We need to ask the really important question," he says, "which is 'productivity of what?'" Keep up with new episodes of 'Progressive Political Economy' at https://lnkd.in/e7khE-Pi

“The Canadian economy is on track to be the worst performing economy out of 38 advanced countries over the next 40 years, with the lowest growth in real GDP per capita,” says David Williams, the Vice-President of Policy at the Business Council of British Columbia. He goes on to say, “Young Canadians entering the workforce today are facing 40 years of stagnant average real incomes, according to OECD projections.” That is a dire warning to policymakers in Canada: one that demands a need to address the underlying causes. “If they don’t,” Williams says, “there will be a decline in real incomes relative to all other advanced OECD countries.” We invited David Williams to join us for a Conversation That Matters about the bleak forecast of stagnation young Canadians will face over the course of their careers. --- Please become a Patreon subscriber and support the production of this program, with a $1 pledge https://goo.gl/ypXyDs ctm456 #business #cdnpoli #economy

Goldy Hyder, CEO of the Business Council of Canada, and the Hon. Lisa Raitt Raitt take a candid look at the state of Canada's relationship with the US and why it is critical for business and government to work together to champion Canada’s economic power. Listen here - https://lnkd.in/ghFEq28v #CanadaUSRelations #GlobalEconomy #GovernmentRelations

“The Canadian economy is on track to be the worst performing economy out of 38 advanced countries over the next 40 years, with the lowest growth in real GDP per capita,” says David Williams, the Vice-President of Policy at the Business Council of British Columbia. He goes on to say, “Young Canadians entering the workforce today are facing 40 years of stagnant average real incomes, according to OECD projections.” That is a dire warning to policymakers in Canada: one that demands a need to address the underlying causes. “If they don’t,” Williams says, “there will be a decline in real incomes relative to all other advanced OECD countries.” We invited David Williams to join us for a Conversation That Matters about the bleak forecast of stagnation young Canadians will face over the course of their careers. --- Please become a Patreon subscriber and support the production of this program, with a $1 pledge https://goo.gl/ypXyDs ctm456 #business #cdnpoli #economy

“The Canadian economy is on track to be the worst performing economy out of 38 advanced countries over the next 40 years, with the lowest growth in real GDP per capita,” says David Williams, the Vice-President of Policy at the Business Council of British Columbia. He goes on to say, “Young Canadians entering the workforce today are facing 40 years of stagnant average real incomes, according to OECD projections.” That is a dire warning to policymakers in Canada: one that demands a need to address the underlying causes. “If they don’t,” Williams says, “there will be a decline in real incomes relative to all other advanced OECD countries.” We invited David Williams to join us for a Conversation That Matters about the bleak forecast of stagnation young Canadians will face over the course of their careers. https://lnkd.in/gkwvDi-G

April’s Economic Brief is now out and with a deep dive into Canada’s productivity concerns. Canada’s higher-than-targeted inflation rate is due in part to stagnant productivity. Improved productivity is crucial for a stable economy, boosting growth, jobs, and wages etc. However, Canada’s productivity has fallen to second-last among G7 countries (ahead of Italy). That being said when comparing national and local trends, both Saskatchewan and Regina generally demonstrate higher productivity than Canada, suggesting greater efficiency. Showing strong growth in the first quarter of 2024, to learn more around Regina's economy and other key highlights, click the link below: https://lnkd.in/gYnq4ahB

#ResearchUpdate: In this latest op-ed in #TheHillsTimes (https://lnkd.in/gYp3sFqX), I distill the core insights from my #CanadianPublicPolicy article ( https://lnkd.in/gDAKuAiT ) on the enduring #gap in Canada-U.S. business performance: “The persistent gap in business performance between Canadian and American companies has been discussed for decades. There are multiple perspectives on the causes of this gap. But an understudied root cause involves chronically deficient incentive structures, established and reproduced through Canada’s historical institutional choices and inertial sociopolitical forces…” (Morgan, 2024) After evaluating the research behind this op-ed, one anonymous #CanadianPublicPolicy referee writes:   “The contribution of the paper is to shed a great deal of impressively well-documented light on the deep historical origins of the Canada-US business performance gap...By contrast, contemporary “analysis” in the media and NGO literature is exceptionally superficial and historically blind. The result has been years of misdiagnosis of Canada’s innovation deficit and, consequently, proposed policy “solutions” that never resolve the chronic condition. ... I believe the findings of this paper deserve to be much more widely known. I recommend that the author summarize its content in a short essay that might be published in…The Hill Times." I have kept my promise by making my research accessible to a broader audience—from academic researchers to Canadian business leaders, policymakers, and general readers.   I am looking forward to continuing the conversations online and offline.   Acknowledgment(s) and Disclaimer: I thank Paul Samson for constructive feedback earlier. However, I am solely responsible for the shared views. Relevant Sources:   Morgan, H. M. (2024, January 24). Why Canadian businesses lag behind their American peers. The Hills Times. https://lnkd.in/gYp3sFqX.   Morgan, H. M. (in press). An Integrative Institutional Framework on the Canada-U.S. Business Performance Gap. Canadian Public Policy. https://lnkd.in/gDAKuAiT #Canada #UnitedStates #Britain #Sweden #ProductivityGap #Innovation #Exporting #GlobalValueChains #InternationalEconomics #CanadianPublicPolicy #Trade #CDHowe #MunkSchool #FraserInstitute #HooverInstitute #CIGI #CIPO #IPON #BrookfieldInstitute #MacDonaldLaurier #PIIE #PetersonInstitute #IRPP #Brookings #AmericanEnterpriseInstitute #WorldEconomicForum #GlobeandMail #TheHillTimes #CBC #CanadianPress #TVO #TheAgenda #TheEconomist #WSJ #Communitech #UWaterloo Colin Deacon Sean Silcoff Mike Veall John Rapley

Fact Check: Canada's presence among the top ten largest economies worldwide underscores its robust economic standing on the global platform. With a diverse array of industries fueling growth and fostering innovation, Canada emerges as a notable force in the international economic landscape. Its contributions not only bolster its own prosperity but also foster stability and progress globally. #EconomicPowerhouse #CanadaEconomy #GlobalLeadership #EconomicInfluence #Prosperity #TruStoneFinancial #FinancialServices

Would you like to know the extent of competition in Canadian industries? Check out Canada’s competitive intensity report 👇. The report provides indicators that measure competition levels across Canadian industries from 2000 - 2020. #competition #Canada #markets #Economics #industry Competition Bureau Canada

Today, we published the findings of an in-depth study ꟷ Competition in Canada from 2000 to 2020: An Economy at a Crossroads ꟷ which tracks a decline in Canada’s competitive intensity over the last two decades. The study is the first of its kind in Canada to provide a comprehensive analysis of indicators of competition across the Canadian economy. https://ow.ly/gAgk50PYE0J