We know that in recent years, and especially since 1996, Canadian businesses have been investing heavily in machinery, equipment, and software, much of which embodies the latest technologies. This should raise productivity in Canada and allow our economy to grow faster than it otherwise would.
But, at this point, it is difficult to tell by how much, whether some of the gains are already in, or whether most are still to come. So far, our statistics yield little direct evidence of a substantial pickup in productivity growth, although recent historical revisions to the National Accounts show somewhat larger gains than before.