Canada is no longer among the top 10 most economically free countries, according to the Fraser Institute’s 2021 Economic Freedom of the World report. Canada ranks 14th in this year’s annual report, based on the most recent data from 2019, slipping from 8th place in 2018 (a ranking that was later lowered to 13th place). Canada’s economic freedom ranking has been on a downward trend since 2016, the report says. “Due to higher taxes and increased regulation in Ottawa and the provinces, Canadians are less economically free, which means slower economic growth and less investment in Canada,” Fred McMahon, the Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute, said in a news release. The Fraser Institute measures economic freedom, which is defined as the ability of individuals to make their own economic decisions, by analyzing the policies and institutions of 165 countries and territories. The …