Skip to content

The Productivity Gap

Dead last is dead wrong.
An aerial view of the downtown island airport.

Over the last decade, Canada’s GDP per capita grew by less than one per cent – placing us at the back of the pack in terms of growth among advanced countries.

We’re losing our competitive edge – in a world full of options, companies can choose to invest and grow their companies elsewhere, and if our Region is no longer a competitive one, our growth will continue to stagnate. 

Competitiveness matters: 53 per cent of the largest employers in the Toronto Region are foreign-owned multinationals. They have a world of choice about where to invest. 

In an era full of innovation, we’re not as modern as our counterparts in places like the U.S. Our livability is declining, driving out talent, and leading to a nosedive in productivity.

Here's what we're going to do about it.

Working across our three councils, the BCT will focus on:

  • our investment and livability crisis
  • accelerating our innovation and climate economy, and;
  • driving manufacturing and supply chain automation

Finding data-driven and evidence-based solutions to the productivity gap is what the BCT is all about.

We’re here to challenge, innovate and push to advance the economic and social prosperity of our region.

53% Amount of foreign-owned multinational employers in the Toronto Region

$80,000 Projected productivity gap by 2027