“Mr. Chair, I thank the minister for his very kind comments. I want to turn to a perennial challenge for Canada’s economy and ask where the minister sees his government’s efforts to deal with the productivity crisis going. We are not making any headway since back when David Dodge first declared that we had a crisis in productivity. This is my analysis, and I could be dead wrong on this. Certainly in countries and sectors that are dominated by oligopolies, we have a problem where there is a relatively small number of firms dominating an entire sector. It is pretty well known that Canada’s telecommunications sector, banking sector and the large grocery store chains lack the kind of competitiveness that would lead to better productivity. However, a multifactorial issue for productivity occurs when we export a relatively large proportion as raw material without value added. I wonder if the minister has any thoughts on how Canada can improve productivity or can point to any measures in the existing financial documents of the last year that actually would make a difference in improving our productivity.”
Statement grade
A
The average of Signal, Relevance, Respect and Clarity.
Average 94 / 100
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
Thanks 14%Claims 86%
This view breaks the statement into its steps and names what each one does.
Mr. Chair, Thanks · 35 wordsI can hear, from my colleague’s question, the depth of analysis that she has made.That is why it is always a pleasure to engage with her in this House.She is right on competition.ThanksClaims · 212 wordsWe know that competition is key to providing more choices and better prices for consumers.That is why, when I was the industry minister, we put more tools in the tool box of the Competition Bureau.1She will remember, for example, that I gave it subpoena power.2At the time it was asking for information and people voluntarily could decide whether to give it.Now it has more enforcement power.When it comes to productivity and innovation, the member would see that the productivity superdeduction is one of the tools that we have made in order to allow small and medium-sized businesses to make more investment, 3because they can immediately expense their expenses.They have immediate expensing of what they invest in capital, R and D, buildings, innovation and AI.4We wanted to help companies with tax measures to make sure that they could make these capital investments that would help them to grow their businesses.The member may have seen the publication from the OECD or the International Monetary Fund that identified the productivity superdeduction, one of the tools in the tool box, 5as one of the best practices in the G7.6Canada has been very much incentivizing small and medium-sized businesses to make these capital investments to become more productive.