A new BDO Canada report warns that Canada is falling behind the U.S. in productivity, despite its skilled workforce and strong institutions. The study finds that it takes a Canadian worker 1.4 times more effort to generate the same economic value as an American counterpart.
Limited tech investment—only 25% of GDP versus 37% in the U.S.—and a tech talent shortage are key barriers. The report urges businesses to adopt AI and cloud computing while upskilling workers to close the gap. Without bold action, experts warn Canada risks losing talent and global competitiveness.
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