VANCOUVER—From 2015 to 2019, before the COVID-19 pandemic and recession struck, Canada’s growth rate of business investment was lower than virtually any other period since 1970, according to a new study by the Fraser Institute, an independent non-partisan Canadian think tank.
“Business investment is critically important because of its effects on economic growth and higher living standards for workers, but lately Canada has experienced some of the lowest investment growth in fifty years,” said Steve Globerman, senior fellow at the Fraser Institute and co-author of An International Comparison of Capital Expenditures.
