1. Macroeconomics - Supply & Demand
Over the last 40 years, Canada and the United States have had quite similar performance in terms of productivity growth. These more or less similar rates of productivity growth have taken place despite differences in industry structure, trade orientation, and major social programs. However, in the 1990s, while productivity growth continued to be similar, the Canadian economy did significantly worse than the United States in terms of growth of GDP per capita. Much stronger employment growth in the United States is the most important reason for the deterioration in Canadian performance with rega...