Canadian Provinces Rank Poorly in Economic Freedom, Study Shows

People walk by a souvenir store in Old Montreal, May 24, 2021. In North America, Quebec bests only the Atlantic provinces and Mexican states in economic freedom, according to a report by the Fraser Institute. The Canadian Press/Graham Hughes

Canadian provinces trail behind U.S. states in economic freedom, a new report says, with some only besting Mexican states in all of North America.

“Higher levels of economic freedom lead to more opportunity, more prosperity, greater economic growth, more investment and more jobs for Canadians,” Fred McMahon, co-author and resident fellow at Fraser Institute, said in a news release.