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Feb 7, 2023

Productivity Investment Could Help Labour Shortage

In order to alleviate the lack of labour in Quebec, the Montreal Economic Institute (MEI) is calling on the Quebec government to lower corporate taxes which, it says, would stimulate investment in productivity. In terms of labour productivity, Quebec lags 8.2 per cent behind Ontario, and 11.4 per cent behind the Canadian average. In order to catch up to the Canadian average within 10 years, Quebec's productivity would have to grow over twice as quickly as it is increasing at the moment. Research by MEI shows there is an inverse relationship between the level of investment in productivity and the level of corporate taxes.

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