Which statement best describes the current state of productivity and innovation in Canada?
A) Canada rates very high in productivity metrics globally
B) Canada lags its major global competitors in productivity and innovation
C) Canada tends to rank high in productivity but low in innovation across most business sectors
D) Canada has seen a recent sharp increase both in productivity and innovation across all business sectors

Question

Quizplus · Accepted Answer

According to multiple studies and reports, Canada has been consistently lagging behind its major global competitors in productivity and innovation. For instance, the Conference Board of Canada's annual report card on innovation in 2019 gave Canada a "C" grade, indicating a need for improvement. Similarly, the World Economic Forum's Global Competitiveness Report 2019 placed Canada in 14th position for overall competitiveness, behind countries such as the United States, Germany, and Japan, and noted that Canada's innovation capability needs improvement.

Which Statement Best Describes the Current State of Productivity and Innovation