Business in Vancouver: Why Canadian businesses are losing their edge

  • November 21, 2019


Despite a host of positive economic indicators that suggest Canada is well-positioned to weather whatever economic downturn is coming, businessmen and women in Canada appear to be worried.

Their angst is reflected in low business investment figures that suggest Canadian businesses are lacking confidence in their own country.

Canada has fallen far behind their counterparts in the U.S., and other OECD countries, when it comes to per worker investments, according to economists speaking at a panel session Wednesday November 20 at the Business Council of BC (BCBC) annual summit.

BCBC economist Jock Finlayson pointed to the World Economic Forum’s Global Competitiveness Report, which shows Canada has fallen a couple of notches overall.

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