Investment in growth can close productivity gap

More than one-third of firms overconfident in investment: Survey
By Amanda Silliker
|Canadian HR Reporter|Last Updated: 07/14/2013

More than one-third of Canadian companies are underinvesting in their own growth and don’t even know it — which is a significant cause of Canada’s productivity gap, according to a report by Deloitte.

“These overconfident firms need to realize that they aren’t investing enough in research and development, machinery and equipment, and information and communication technology compared to their competitors,” said Bill Currie, Deloitte Canada vice-chair and Americas managing director, and co-author of the report. “For most of them, it’s a case of solving a problem they aren’t even aware exists.”