Canada Q2 Labor Productivity Up 1% QoQ, Prior -0.5%

The rebound in Canadian labor productivity marks a shift from contraction to expansion in output per hour, a key signal for the economy's efficiency trend. This matters for assessing whether the prior weakness was cyclical or structural, and for gauging the sustainability of growth without inflationary pressure. The open question is whether this improvement reflects a durable productivity upswing or a one-off bounce after a revised decline, with future quarters determining the trajectory.