IM-Robson_2023_1122.pub

Here’s the link: Business investment is so weak that the stock of productive capital per worker in Canada – the buildings, tools and software they use – is falling. [...] Nothing like that has happened in Canada since the depression of the 1930s and the Second World War. [...] The story in the United States and other countries in the Organization for Economic Co-operation and Development (OECD) is different. [...] In the run-up to the peaks of investment and capital per worker in the middle of the last decade, Canada narrowed a long-standing gap in per -worker investment against the United States, and closed the gap in per-worker investment against other OECD countries. [...] OECD projections indicate that for every dollar of new investment received in 2023 by the average worker in OECD countries outside Canada and the US, the average Canadian worker will receive only 74 cents.