Canadian Provincial Productivity and Prosperity 2024

The source provides an extensive analysis of Canadian provincial economic performance in 2024, focusing on the critical metrics of per-capita GDP and productivity growth. It explains that while Canada’s total economy expanded, rapid population growth, particularly in provinces like Ontario, Alberta, and British Columbia, caused the national average for output per person to decline for the second consecutive year. The data highlights significant regional variation, noting that only Quebec and Newfoundland & Labrador achieved positive productivity growth, while per-capita GDP gains were mainly limited to Saskatchewan and the Atlantic provinces due to slower population increases. Ultimately, the text argues that these provincial differences expose a structural challenge concerning national productivity, which is essential for raising long-term living standards.