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House Hansard - 172

44th Parl. 1st Sess.
March 23, 2023 10:00AM
Context: House Hansard - 172 - Mar/23/23
Mr. Gabriel Ste-Marie
  • Mar/23/23 11:38:15 a.m.
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Madam Speaker, productivity is incredibly important. In terms of business productivity, Canada is lagging behind our G7 allies, as well as the average across high-income OECD countries. This needs to change. Productivity measures the amount of value generated per hour worked. It is dependent on the amount of capital, the technology used and other factors. The level of technology and capital per hour worked in Canadian businesses do not adequately compare to other countries. Something needs to be done. To fix this problem, the government must support leading-edge sectors like the aerospace industry. Various cities across the country have a strong aerospace industry, and the greater Montreal area is the third-largest aerospace hub in the world. Canada is the only country that has a very large aerospace industry but does not have an industrial policy to support research, development, commercialization and so on. The government needs to do a better job of supporting productivity, investment, research and development.
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