The gap between Canadian and U.S. business investment per worker “widened significantly” after 2014, with Canada seeing a $43.7 billion decline in total annual business investment between 2014 and 2021, according to a new report by the Fraser Institute.
“Economists have warned of Canada’s weak business investment, particularly compared to the United States. This should concern Canadians as strong busi­ness investment is key to higher incomes, greater economic prosperity, and improved living standards,” states the report, released on June 29, in its main conclusions.
“Canadian prosperity depends in large part on the strength of business investment. Policy-makers must recognize the current challenge, understand its causes, and prioritize policies that support business investment moving forward.”…