Tuesday, October 13th7.7°C

Canada stays at No. 7 in competitiveness survey; U.S. retains top spot

LAUSANNE, Switzerland - Canada is the seventh most competitive country in a survey of 60 nations by a Swiss business school Thursday.

That is unchanged from last year in the IMD World Competitiveness Yearbook.

The school, IMD International based in Lausanne, Switzerland, says the United States retained the No. 1 spot in 2014, reflecting the resilience of its economy.

Switzerland, Singapore, Hong Kong, Sweden and Germany are also ahead of Canada. The UAE, Denmark and Norway are also in the top 10.

While Europe fares better than last year because of its gradual economic recovery, the survey shows most big emerging markets have dropped in the rankings as economic growth and foreign investment slow.

The report says Japan is three notches up because a weaker currency has helped improve its competitiveness abroad.

"The overall competitiveness story for 2014 is one of continued success in the U.S., partial recovery in Europe, and struggles for some large emerging markets," said Prof. Arturo Bris, director of the IMD World Competitiveness Center.

The report says seven of the top 10 countries in the overall ranking for 2014 are also in the top 10 for having an image abroad that encourages business development.

"In general, there is a strong correlation between a country's overall competitiveness ranking and its international image as a place to do business."

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13964.36-14.30
S&P CDNX552.26+5.20
S&P 5002017.46+2.57
CDN Dollar0.7665-0.0026
Natural Gas2.535+0.001

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.07+0.02
Russel Metals21.26-0.29
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0245+0.0070
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03



2423499#226 1665 Ufton Court
2 bedrooms 1 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council