Economic Analysis
Unless otherwise stated all references to Gross Domestic Product (GDP) or Productivity is based on year to quarter data. For reasons of continuity and comparisons with previous plots, the limits on the present graph has remained the same as before even though the economic decline exceeds those limits. The data source is Statistics Canada
Productivity
Canadian Labour Productivity is essentially stagnant. Basicly, it is almost where it was during the third quarter of 2022. Canada has a high percentage of small businesses, making overall productivity improvements difficult. This is probably the main reason why improving productivity has been very variable and slow.
Economy
The Canadian economy growth during the fourth quarter of 2022 was less than that of the third quarter. The Canadian economy is increasing, eventhough slightly. It was 2.88 trillion in 2022, 2.69 trillion in 2021 and 2.22 trillion in 2000. Barring further supply chain problems, The Bank of Canada is bullish on a recovery and expects the Canadian economy to come roaring back quickly.
Raymond D. Matkowsky
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