Some clichés never die. The last time the number of Canadians employed in the goods sector exceeded those working in the service sector was the mid-1950s. For about 60 years now, growth in services employment has persistently outpaced employment in goods production. We have been much more than a nation of hewers of wood and drawers of water for a long time, yet the cliché lives on.
To view the full speech from Stephen Polox, Governor of the Bank of Bank, please visit the C.D. Howe Institute’s website here.