News Summary

• Since 2001, labour productivity in Canada has increased only 16.5 per cent, compared to 54.7 per cent in the U.S. Weak business investment is a primary reason for Canada’s continued poor economic outcomes, says Matthew Lau.
• Lau: Raising output requires more business investment per worker, and that won't happen without reformed and reduced regulation and taxes.
• If the government continues down its current path, it will only make productivity and consumer welfare worse, he says.
• Lau is an adjunct scholar with the Fraser Institute.