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G&M: Canadian Labour Productivity Slips

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Tags: Canada, Economic growth, Productivity

After six months of growth, labour productivity has eroded again, slipping in the second quarter and continuing a chronic drag.

Canadian companies bounced back quickly from the recession, rehiring most of the workers they had cut. But output - the goods and services they produce - has been slower to rebound, taking another bite out of productivity, which drives economic growth, sows the seeds of future job gains and raises living standards.

Read the entire Globe and Mail article here.
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