Canada's record of declining productivity over the past three years is likely to make it more difficult for the Bank of Canada to tame inflation, raising the prospect of additional interest rate hikes even as the economy slows.
Canadian businesses invested 55 cents per worker for every dollar invested per worker in the United States in 2021, down from 79 cents in 2014, according to a June report by the Fraser Institute think-tank.
I need something more reputable than Fraser Think Tank honestly. But I do agree Canada has lower Capital intensity than the USA.