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Canadian companies are falling further behind their U.S. counterparts in the race to become more productive and that has some economists worried about Canada's standard of living.
Weak labour productivity is by far the biggest culprit behind a $4,779 (U.S.) per capita income disparity between Americans and Canadians, according to a Conference Board of Canada report released last fall.
But the good news is that Canadian companies are adopting efficiency boosting techniques and help is available for entrepreneurs who want to make their operations more productive.
Source: Business Development Bank of Canada
Added on August 04, 2005
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