Canadian labor productivity declined more than expected

Note: This section contains information in English only.
Source: Statistics Canada

Statistics Canada reported on Friday that labor productivity in Canadian businesses fell by 0.4% in the second quarter, compared to no change during the three previous months. The real GDP of businesses increased by only 0.5%, while the amount of hours worked grew by 0.9%. The fall in labor productivity was steeper than expected, since analysts predicted that it would remain unchanged.

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