Canadians have less economic freedom today than they did in late-1970s due partly to growth of government

Economic Freedom of the World


TORONTO—Most countries curtailed economic freedom in the wake of the COVID-19 pandemic and Canada is no exception, finds the annual Economic Freedom of the World report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Economic freedom—the degree to which individuals are allowed to make their own economic decisions about what to buy, where to work and whether to start a business—is fundamental to prosperity. Economic freedom measures openness to trade, tax and regulatory burdens, government spending, and the soundness of a country’s money.

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