It's hard to know why productivity is low in Canada. As you say, Canadian companies invest less in research and development, innovation and intellectual property. The more fundamental question we have to ask ourselves is this: Why are there fewer investments in research and development? That's a difficult question for me to answer.
We know that here in Canada, we have companies that are very successful in global markets. So it's not that we can't do it. We have companies that are very successful in every sector, but why aren't we doing more? It's time to go and play in the major leagues.
We can hit home runs in Canada, but our batting average isn't as good as it should be.