"You've seen those signs that say, 'In emergency, break glass.' Well, it's time to break the glass," said Carolyn Rogers, revealing the urgency regarding Canada's productivity issues.
According to OECD data, Canada is losing its erstwhile wealth status compared to Australia and the UK, highlighting a growing economic disparity.
Canada's economy grew by just 1.1% while its population surged by 3.2%, leading to a diminishing economic wealth per capita among its citizens.
Despite the challenges, Canadians' real weekly earnings have risen, as well as the household savings rate, indicating some positive trends amidst economic struggles.
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