Why our investment and productivity are lagging and our firms don't rate is clear: taxes and regulations that discourage business success
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A recent issue of Time magazine featured a cover story on the 100 most influential companies “shaping our world.” Not one Canadian company made the list, though it included firms from South Korea, Singapore, Vietnam, Australia, Sweden, Saudi Arabia, Kenya, Nigeria, Brazil and Colombia in addition to, as expected, the United States, major European nations and China. This exclusion is the latest example of how Canada has become irrelevant and inconsequential on the world stage, as our productivity and ability to innovate lag.
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Canada’s leading corporations are not highly regarded either here or abroad. Even those that are world-class, such as our railroads or banks, are more often denigrated in public discourse than held up as models to emulate. And don’t even think about trumpeting the success of our resource companies, especially the pipeline and oilsands producers that account for six of the 20 largest companies listed on the........