Lack of private sector investment and competition, failed government tax policies underlie Canada’s poor productivity
By Mark Lowey
Canada’s poor productivity is due to lack of business investment in machinery, equipment and software, slowness in adopting new technologies, and failed government tax policies, according to some economic and policy experts. Tax policy creates an incentive for Canadian companies to stay small and less productive, and lack of competition in some key sectors and restrictions on foreign investment hobble investment, innovation and productivity, they said.