Summary: | Investment in plant and equipment per worker by Canadian businesses is picking up relative to counterparts elsewhere after years of underperformance. Canada’s relative improvement owes much to outperformance by resource-rich provinces, Newfoundland and Labrador being the most recent star, while Ontario continues to slip. Policies that increase competitive pressures to invest and remove biases against non-residential investment could boost capital spending by businesses and improve Canadian workers’ prospects for higher incomes in the future. Tools for Workers, Canada, non-residential investment, business investment
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