17 Nov 2011

Study reveals impact of Canada’s 20-year bear economy

The Conference Board of Canada recently released numbers that detail the extent of the economic impact the country endured over two decades when business growth was sluggish.

According to the CBC's report, if productivity had been comparable to what the U.S. generated between 1988 and 2008, Canada's gross domestic product would have been $8,500 higher, personal disposable income would have been $7,500 greater and corporate earnings would have been 40 percent stronger. In addition, federal government revenues would have been 31 percent more robust.

"Putting it plainly, increasing our productivity growth performance over the past two decades to equal that of our neighbor would have significantly increased Canadian wealth and improved our standard of living," said Mario Lefebvre, director of the CBC's center for municipal studies.

The survey also revealed the purchasing power parity between Americans and Canadians. Based on 2008 figures, the average American was $13,000 richer.

An individual's personal financial situation is often a function of their employment. If Canadian consumers are considering starting their own business to help improve their bottom line, Jiffy Self-Storage offers climate-controlled office spaces that can be used to help get their business up and running.

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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