2 If this differential were to persist over a decade, the cumulative loss of income would be almost $ for every Canadian. 3 Given Canada’s demographic trends, the principal way to avoid this loss is by improving our productivity. First imperative: improving Canada’s productivity There appears to be ample opportunity to do so, since Canada is not as productive as it could be.
In the World Economic Forum report1 for 2017, three out of the five top risks, in terms of impact, are environmental and all three of them relate to climate change2. Climate change and global warming are associated with human activities and in particular the use of fossil fuels and carbon dioxide emissions.