Canada is Not Competitive?

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Canada’s economy has not had as bad a time as the US economy over the past few years.  However things may be changing.  Recent figures show that the US labor productivity grew three times faster than the Canadian one during 2010.

Labour costs have gone down in the US via investment in new technology and reduced wages and benefits.  This has been seen as acceptable by employees who want their companies to stay competitive.   Canadian salaries and benefits have remained much the same or have actually grown.

Can it be that the Canadian workforce is that they have got complacent and use to the comfortable life?  Now is the time to tighten our belts and copy the US.  Canada must become more efficient.

 

Canadian Real Estate Overvalued?

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There are new reports out that the Canadian real estate market is overvalued.  In fact the Canadian central bank has been looking at ways to change this.  The Bank of Canada is looking at property prices and how the went up after the devastating financial crisis which caused borrowing costs to go down.

The bank is working with their partners, the federal government, the superintendent of financial institutions on the situation.  The government has been tightening regulations and keeping a close eye on things – but state they wont intervene unless necessary.