Business investment—key to raising living standards for Canadians—has declined in two-thirds of the non-government sectors that comprise the Canadian economy in recent years, finds a new study released by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “ Too often, Canada’s declining business investment is dismissed as a by product of recent struggles in the oil and gas sector, but in fact there’s been a significant drop in investment across many sectors of the economy ,” said Steven Globerman, Fraser Institute Senior Fellow, professor emeritus at Western Washington University and co-author of Private Sector Capital Expenditures in Canada: An Industry-Level Analysis. The study finds that 10 of the 15 non-government sectors of the Canadian economy—including agriculture, mining, oil and gas extraction, utilities, manufacturing and retail—experienced declines in business investment from 2014 to 2017, the most recent year of available dat...
A discussion on political, economic and social issues in British Columbia, and Canada