Increase growth through reducing the cost of living/working.

http://www.economist.com/news/leaders/21659741-global-movement-toward-much-higher-minimum-wages-dangerous-reckless-wager

Unfortunately a $15 minimum wage is the wrong solution to the problem.

The "correct" solution is to reduce the cost of living/working so that people don't need $15/hr to survive. This is what is NEEDED to make Canada competitive.

America/Canada are unnecessarily expensive places to live and work. We are car dependent with incredibly inefficient urban redevelopment.

Car dependence requires each worker to earn an additional $5/hr just to cover this cost. Without car dependence people
$15 - $5 = $10/hr

Impractically small lots prevents efficient redevelopment and requires land speculation to accumulate larger lots required for redevelopment. And "practically" prevents the development of transit communities necessary to over come car dependence. The net result is property speculation is the default retirement investment.

This is a problem for 2 reasons. First, it insures choosing to live in transit oriented community will cost more negating the previous $5 hour saving. Second, property speculation is extremely growth inefficient. Property Speculation Sucks money out of the Economy.

Canada partially saved itself from the 2009 housing crash. And now suffers from property speculation sucking money out of the economy. Lowing the interest rate to stimulate growth is NOT happening. Instead money is flowing into the property speculation.

http://tdwebste.blogspot.com/2015/07/property-speculaton-sucks-money-out-of.html

Just to add driving is subsidized in Canada/US.
Americans don't pay nearly enough in gas taxes to offset the social costs of driving—of which time lost to traffic is a biggie. As driving became more expensive over time, local agencies could meet additional mobility demands with new investments in public transportation.
http://www.citylab.com/cityfixer/2015/02/americas-infrastructure-crisis-is-really-a-maintenance-crisis/385452/

GOOD LUCK, I don't see any hope, Canada cost too much to live and work.