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
- Mayor takes icy challengePenticton / S. Okanagan - 2:07 pm
- Mudslides close Hwy. 99BC - 3:15 pm
- Orphaned bruin releasedBC - 10:47 am
- Pool closed next summerPenticton / S. Okanagan - 10:22 am
|QHR Technologies Inc||1.21||+0.01|
|Anavex Life Sciences||0.26||0.00|
|Copper Mountain Mining||2.92||+0.15|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.23||+0.03|
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...
Finally, after three months in New Brunswick, I am back home in the sunny Okanagan. It is a delight to be home and the lake, vistas, people and climate never disappoint. Like many people however, I...
My screen printing business, like many others, started as a one-man operation. It was located in a small building, not much better than a shack, with a telephone, a big table where I ate lunch and (oc...