Tuesday, September 2nd12.8°C
23201
22438

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.

The Canadian Press


Read more Business News

22253


Recent Trending




Today's Market
S&P TSX15619.08-6.65
S&P CDNX1010.88-13.11
DJIA17067.56-30.89
Nasdaq4598.188+17.917
S&P 5002002.28-1.09
CDN Dollar0.9153+0.0004
Gold1268.20+3.20
Oil93.19+0.31
Lumber350.50+0.80
Natural Gas3.941+0.003

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.18-0.01
Cantex0.08+0.01
Anavex Life Sciences0.24-0.01
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.90-0.03
Colorado Resources0.165-0.015
ReliaBrand Inc0.100.00
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



23057

FEATURED Property
17960473 - 2589 Whitworth Road, West Kelowna, BC
3 bedrooms 5 baths
$1,200,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_








Member of BC Press Council


22810