Mr. Speaker, the government's dirty little secret is out. A recent headline in the Wall Street Journal read that low productivity clouds Canada's competitiveness and living standards.
The article cited a recent OECD report which said that high taxes and regulation are reducing Canada's ability to compete. The OECD predicts that in 20 years, due to high taxes and regulation, Canada's per capital GDP will drop to 15% below the OECD average.
Does the industry minister agree with what the OECD has said about Canada's productivity and dropping living standards?