7  Bank of Canada research suggests that job reallocation across firms is a significant positive factor explaining Canadian labour productivity growth over the 1992–2006 period. D. Leung and S. Cao, “The Changing Pace of Labour Reallocation in Canada: Causes and Consequences,” Bank of Canada Review (Ottawa: Bank of Canada, Summer 2009): 31–44. Available at: http://www.bankofcanada.ca/en/review/summer09/leung.pdf.
2  BIS Review 36/2010    Canada under-invests in machinery and equipment (M&E), training, and innovation – in fact, all of the underlying drivers of productivity.   Canadian workers have about half the amount of information and communications technology (ICT) of their American counterparts. ICT capital has been linked to stronger multifactor productivity growth in many countries.