OTTAWA—Canada lags far behind other developed countries when it comes to business investment, which is critical to grow the economy and increase living standards, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“When businesses invest in the latest technologies and production techniques and expand their operations, it spurs economic growth and raises living standards for workers,” said Philip Cross, former chief economic analyst for Statistics Canada and author of Business Investment in Canada Falls Far Behind Other Industrialized Countries.
