Labour productivity of Canadian businesses decreased by 1.5% in the third quarter, with hours worked rebounding more quickly than business output. The decline in labour productivity in the third quarter follows zero growth in the previous quarter, where output and hours worked both fell at a similar pace. While the second quarter was marked largely by the third wave of the COVID-19 pandemic, the third quarter saw a rebound in output and hours worked caused by the reopening of a larger number of businesses, including those considered non-essential. Since the start of the pandemic, labour productivity has typically ... (full story)