Many people living in Canada—often immigrants—send international money transfers, also known as remittances, to relatives or friends living in other countries. In 2016, an estimated 1.6 million Canadian households sent at least $500 to their relatives or friends living outside Canada, with transfer amounts averaging $1,823 per household in that year.
Every quarter, the StatCan Blog publishes a guest post on research at Statistics Canada. Our fifth post is from Wulong Gu and Danny Leung, researchers in Economic Analysis Division, Statistics Canada.
Productivity measures the efficiency with which an economy transforms inputs into outputs. Growth in productivity is important because it is related to our standard of living, as output growth must come either from growth in inputs or from growth in productivity.
It's been 100 years since the Dominion Bureau of Statistics—later renamed Statistics Canada—was created.
Throughout 2018, the agency will be unveiling plans to celebrate this important milestone. "We want to honour our past and present," says Anil Arora, Chief Statistician of Canada. "We recognize that our success was built on years of dedication, ingenuity and hard work, a tradition proudly carried on by employees today."