Industry Bottlenecks Holding Back Canada’s Economic Growth: Report
Barriers in key sectors are limiting Canada’s ability to unlock its economic potential and compete more effectively in global markets, a new report suggests. The report from PwC Canada and the Canadian Chamber of Commerce found common barriers across the country and among various sectors, such as slow regulatory permitting processes, limited capital for growth, and costly infrastructure bottlenecks.
TL;DR
- Barriers in key sectors are limiting Canada's economic potential and global competitiveness.
- Common barriers include slow regulatory permitting, limited capital for growth, and costly infrastructure bottlenecks.
- Canada has advantages such as natural resources, research capabilities, a skilled workforce, and market access.
- The country struggles to translate these strengths into sustained economic growth.
- Addressing these gaps is considered within Canada's control.