News Summary

• Productivity is the engine of prosperity, yet Canada has been one of the weakest productivity performers among advanced economies.
• Canada’s overinvestment in housing, which we’re about to increase further, is crowding out growth-enhancing assets.
• We devote seven per cent of GDP to residential construction — twice the U.S. share.
• Internal trade — already limited from 60% of foreign trade a decade ago to 54 per cent today — continues to stifle innovation and scale.