However you measure economic success, Canada has been underperforming for many years.
A new Fraser Institute study out today confirms that Canada’s economic growth (measured by GDP, adjusted for inflation) over the past decade was the slowest since the 1930s, with productivity stalled and reduced competitiveness that impaired the country’s attractiveness for investment.
Even more concerning, the study also found that businesses in Canada are hampered by overbearing regulations and that much of Canada’s economy is based on limiting competition, instead of fostering competitive markets, which in turn limits productivity growth and innovation.
While innovation originating in Canada declined starting in 1990, innovation in many other countries soared over the same period!
Find out more, including which countries out-performed Canada, by checking out the full study here [[link removed]].
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