Gross domestic product (GDP) per adult in Canada fluctuated between 70% and 90% of that of the United States between 1960 and 2020. Behind this gap lie large, systematic differences in relative incomes across the Canadian and US income distributions. There are small differences in average incomes among lower percentiles of the income distribution while … Continue reading
Labour productivity of Canadian businesses decreased 0.4% in the fourth quarter, after rising the two previous quarters. This decline reflected the continued growth in hours worked, while business output remained at about the same level as in the previous quarter. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour productivity, hourly compensation and unit … Continue reading
Offshoring refers to the sourcing of intermediate inputs for domestic production abroad. Specifically, in this paper, offshoring refers to goods imported directly by manufacturers, including both intra- and inter-firm transactions across international borders. Excluded, because of data limitations, are goods imported through intermediaries as well as services. Firms engaging in offshoring are found to be … Continue reading