Cda firms falling behind in investment; Ontario, Quebec particularly poor: paper
OTTAWA - The C.D. Howe Institute says Canada is falling behind other countries in terms of business investment.
In a new report, the public policy think-tank says the problem is particularly acute in Ontario and Quebec, where companies have hit a 10-year low in investment per worker over the past two years.
The report comes at a time when the issue of companies hoarding profits rather than spending on new machinery and equipment remains an area of contention among economists and policy-makers.
Bank of Canada governor Stephen Poloz describes the lack of business confidence and investment, not just in Canada but around the world, as the primary cause of what's ailing economies in general.
The C.D. Howe report does not speculate why Canadian firms have not been investing as much as their peers elsewhere, but urges governments to do what they can to encourage investment in such things as machinery, computers and innovation.
Recommendations include urging governments to reduce taxes that discourage investment and to open up more of the economy, such as government-owned utilities, to the private sector.
Read more Business News
- Power outage pastimesWest Kelowna - 9:24 pm
- Students rally for classmateVernon / N. Okanagan - 8:24 pm
- Garage goes up in flamesCentral Okanagan - 4:15 pm
- New property & new partnershipWest Kelowna - 4:45 pm
|QHR Technologies Inc||1.22||-0.04|
|Anavex Life Sciences||0.1804||-0.0036|
|Copper Mountain Mining||2.29||-0.13|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.31||-0.01|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...