TORONTO—Economic growth and business investment in Canada have been faltering, which has severely weakened the country’s ability to encourage innovation or new business start-ups, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Canada’s sluggish economic growth in the years before the pandemic reflects a lack of innovation and weak productivity growth,” said Philip Cross, senior fellow at the Fraser Institute and author of Canada’s Faltering Business Dynamism and Lagging Innovation.\