The Windsor Star
Manufacturing losses a drag on productivity
Data no surprise, economist says
By Eric Beauchesne
Canwest News Service
OTTAWA – The hollowing out of Canada’s manufacturing sector will worsen what a federal agency report shows is an already lagging overall productivity performance in this country, a labour economist is warning.
Statistics Canada on Monday said the broadest measure of economic productivity shows that Canada was only 87 per cent as productive as the U.S. in 2003, down from about 89 per cent a decade earlier.
Canadian Auto Workers’ economist Jim Stanford said the findings aren’t surprising.