US EditionCanada Must Boost Productivity and Housing Affordability, OECD Report Says
- The OECD released its latest Economic Survey of Canada in Ottawa on May 26, 2025, urging improvements in productivity and housing affordability.
- The report highlights trade uncertainty and the impact of U.S. Tariffs as significant challenges weakening Canada's economic outlook and growth prospects.
- While the Canadian economy has shown resilience, the report notes weak per capita GDP growth and projects GDP growth to fall from 1.5 percent in 2024.
- It recommends structural reforms focusing on boosting productivity, improving housing affordability, and climate adaptation, including reducing internal trade barriers and labor mobility obstacles.
- The report suggests that if economic conditions decline notably, policy measures such as increased public expenditure or reductions in interest rates could become necessary, contingent on keeping inflationary impacts from tariffs in check.
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Canada needs to boost productivity and housing affordability: OECD report
OTTAWA — A new report by the OECD says Canada needs to boost productivity and housing affordability to strengthen growth as it faces trade uncertainty and U.S. tariffs that are taking a bite out of the economic outlook.
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