Posted 4/14/2024, 8:20:22 PM
Canada's Productivity and Competition Woes Holding Back Economic Growth
- Canada's productivity is falling far behind other developed countries, hurting economic growth and standard of living
- Lack of competition allows companies to become complacent rather than innovative
- Outdated laws like the Investment Canada Act shield domestic companies from foreign competition
- Supply management in agriculture limits innovation and keeps prices high for consumers
- Interprovincial trade barriers from provincial policies cost the economy up to $99 billion per year
