Wednesday, August 20th25.5°C
22568
20950

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

22417


Recent Trending




Today's Market
S&P TSX15561.95+84.78
S&P CDNX996.70-0.86
DJIA16979.1359.54
Nasdaq4526.482-1.032
S&P 5001986.51+4.91
CDN Dollar0.9117+0.0002
Gold1290.00-3.40
Oil96.30+1.82
Lumber354.90-0.10
Natural Gas3.83-0.047

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.21+0.01
Cantex0.065-0.005
Anavex Life Sciences0.260.00
Metalex Ventures0.0850.00
Russel Metals37.45+0.23
Copper Mountain Mining2.92+0.15
Colorado Resources0.185+0.015
ReliaBrand Inc0.085+0.008
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23+0.03

 



22378

FEATURED Property
20242631485 Highland Drive S
3 bedrooms 2 baths
$407,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Cost of an Injury Lawyer

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...


Going home to a bully!

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...


Managing a business in 40 hours a week

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...

_








Member of BC Press Council


22267