A lack of investment in innovation and technology by Canadian corporations is hampering productivity, a new report by the Fraser Institute says.
Business investment in high-tech and innovative assets has been weaker in Canada compared to the U.S., according to The Weakness of Corporate Investment in Canada, 2001–2021 published on Sept. 24 by the think tank.
The report follows news from Ottawa that it will create a working group to look at low economic productivity in the country.
Treasury Board President Anita Anand made the announcement in August, saying the group will be able to evaluate productivity challenges in both the public and private sectors….