Canada’s productivity gap with other nations increasing [Video]

A Calgary conference is set to look at how Canada has fallen behind in terms of productivity and how the situation can be turned around.

Officials say since the 1980s, the ability of Canada’s economy to produce value has slowed compared to other G7 nations.

Economists say it’s now hit a critical point, where the productivity gap between Canada and the U.S. has grown to its largest point since the Second World War.

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Trevor Tombe with the University of Calgary says the country’s size and lower population are big challenges.

“If we want wages to grow faster, if we want prices to be low relative to our income, we need to think about ways to boost economic activity and there’s lots of options on the table,” he said.

“I think we need a serious focus …