Montréal, March 31, 2021 – Although the productivity issue inhibiting Quebec’s economic growth was diagnosed more than 20 years ago, it does not seem to be disappearing. Yet the source of the problem has been clearly identified: Quebec firms invest little and are less innovative, and many prefer to rely on the relative weakness of the Canadian dollar to remain competitive. Now a study released today by the Centre for Productivity and Prosperity – Walter J. Somers Foundation (CPP) may well reverse this trend, by identifying the education of SME managers as one of the probable causes of this failure to address the problem. This finding is particularly important, given that the Quebec government is counting on SMEs to drive the recovery.

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