The budget speech never mentioned the word “entrepreneurship."
economic growth
Between 2016 and 2019, the Trudeau government recorded average economic growth of 2.1 per cent compared to 4.6 per cent during the Chrétien years.
According to the OECD, Canada has the weakest prospects for per-person GDP growth between 2020 and 2060 among 17 countries.
Low levels of capital investment and expenditures on research and development contribute to Canada’s slow productivity growth.
In the last year of reliable data before the pandemic, government spending in Nova Scotia represented 60.2 per cent of the economy.
Free markets, not central planning, deliver economic growth and social harmony.
During the Trudeau period, business investment actually declined by 0.2 per cent.
It’s important for policymakers to recognize the severity of Ontario’s growth problem, how long-lived it has been, and the challenge of weak business investment that could impede future growth.