Reductions to federal and provincial corporate tax rates and reduced rep tape have improved Canada’s standing.
Neither country can afford to dabble with procurement restrictions, says CME president Jayson Myers.
Companies not investing enough in their businesses, government policies encourage them to remain small.
World Economic Forum report notes less favourable research and innovation factors.
The World in Figures contains a wealth of economic, socio-demographic, cultural and environmental statistics from The Economist and is now available as a free iPad app.
Canada’s position among global innovators is an ironic one. A recent World Economic Forum report on global competitiveness ranked us 12th out of 142 countries.
With the defeat of the harmonized sales tax, BC’s competitiveness will suffer a crushing blow, as the province experiences a rebirth of the provincial sales tax.