business investment

2:00AM
Printer-friendly version

Business investment is a powerful driver of economic growth, providing the resources for new machinery, equipment and technologies, which are necessary to improve productivity and ultimately wages. Politicians, bureaucrats, and the public are becoming more aware of the importance of business investment to our prosperity. Unfortunately, the results for Quebec indicate that it has the worst investment climate in Canada.

Étiquettes:

2:00AM
Printer-friendly version

Is Canada really the world’s best place to invest? The Economist Intelligence Unit (EIU) –a division of The Economist magazine—thinks so. According to a recent survey by the EIU, Canada ranks first out of 60 countries in terms of business attractiveness over the next five years. Our southern neighbour, on the other hand, fell in the rankings from first to fifth. Canada leading the world in business investment is however, a prediction unlikely to become reality unless certain steps are taken by Canadian governments.