Business investment decisions are of course complex. Among the many factors that a company considers before deciding where to set up operations, expand, or relocate are a jurisdiction’s regulatory burden, market proximity, labour availability, and transportation infrastructure.
News that Burger King and Tim Horton’s are merging and that the new company will be headquartered in Canada has taken the business and political world by storm. U.S. politicians and left-of-centre groups denounced the transaction as “tax dodging” and warned of a public backlash against the well-known burger chain.
Each week, millions of Canadians learn about the trials and tribulations of entrepreneurship while being entertained by one of the country's most successful television shows, CBC's Dragon's Den.
Bottom of the Heap: Quebec Ranks Dead Last in Policies to Attract Business Investment, Chiefly Because of Red Tape and Labour-friendly Laws
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.
Is Canada really the worlds best place to invest? The Economist Intelligence Unit (EIU) a division of The Economist magazinethinks 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.