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.
According to estimates, economic growth is maximized when government spending is about 26 per cent of GDP.
Canada has the fifth-highest level of total government debt among 29 industrialized countries.