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The future of productivity
Find out about the myths, the facts and what Canada has to do to restore its competitiveness.
Download the full report at productivity.deloitte.ca



Canada’s global trade-off
With an over-reliance on NAFTA, Canada has a limited amount of FTAs with the                                            Free trade agreements
rest of the world (especially with developing nations) which limits the potential                                               Canada 10
of future productivity growth. Take a look at how we stack up against Chile,
                                                                                                                                    Chile 52
and you get an interesting picture.




                                                                                                                        5.4%
Canada’s high-growth firms…
aren’t high-growth enough
                                                                                                        4.5%
Matched up against international competition (like the
U.S. and Israel), high-growth Canadian firms do well in
the early years. But on average, productivity growth
slows down rapidly as they mature past that point. If
Canada wants to stay competitive with
high-performance OECD countries in the future, this
simply has to change.




High-growth firms, percentage of total market
                                                              2.7%
   Under 5 years
   Over 5 years




                                                         0.54%                                          0.15%         0.54%
                                                              Canada                                  U.S.                 Israel




Stacking up the numbers
on new jobs in Canada
In Canada, a disproportionate 43% of
new jobs come from the fastest growing
                                                                43% 57%
                                                                of new jobs          of new jobs
                                                                                                                                95%
                                                                                                                              of all firms

5% of all firms.




             5%
            of all firms




                                                                                                                        20%
                                                                                                                       More productive

All Canadian companies are
losing steam to the U.S.
When it comes to productivity, U.S. businesses are
                                                                                     14%
                                                                                    More productive
outperforming their Canadian counterparts - in every
firm size. U.S. firms with more than 500 employees
are 20% more productive than their Canadian
counterparts and 14% more productive in businesses
with less than 500 employees.




     Canada

     U.S.                                                                                                      Large business
                                                                  Small business

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The future of productivity

  • 1. The future of productivity Find out about the myths, the facts and what Canada has to do to restore its competitiveness. Download the full report at productivity.deloitte.ca Canada’s global trade-off With an over-reliance on NAFTA, Canada has a limited amount of FTAs with the Free trade agreements rest of the world (especially with developing nations) which limits the potential Canada 10 of future productivity growth. Take a look at how we stack up against Chile, Chile 52 and you get an interesting picture. 5.4% Canada’s high-growth firms… aren’t high-growth enough 4.5% Matched up against international competition (like the U.S. and Israel), high-growth Canadian firms do well in the early years. But on average, productivity growth slows down rapidly as they mature past that point. If Canada wants to stay competitive with high-performance OECD countries in the future, this simply has to change. High-growth firms, percentage of total market 2.7% Under 5 years Over 5 years 0.54% 0.15% 0.54% Canada U.S. Israel Stacking up the numbers on new jobs in Canada In Canada, a disproportionate 43% of new jobs come from the fastest growing 43% 57% of new jobs of new jobs 95% of all firms 5% of all firms. 5% of all firms 20% More productive All Canadian companies are losing steam to the U.S. When it comes to productivity, U.S. businesses are 14% More productive outperforming their Canadian counterparts - in every firm size. U.S. firms with more than 500 employees are 20% more productive than their Canadian counterparts and 14% more productive in businesses with less than 500 employees. Canada U.S. Large business Small business