‘Something Has Gone Wrong With Our Economy’: Economist on Canada’s Growth and Competitiveness

The Nortel Networks office tower in Toronto, in a file photo. Canada used to have world industry leaders such as Nortel, but has lost its competitive edge due to government policies, says economist Philip Cross. The Canadian Press/Nathan Denette

Canada’s competitiveness and economic growth are being hampered by restrictive policies and the government’s disinterest in fostering the wealth-producing business sector, an economist says.

“There’s an increasing feeling in this country that something has gone wrong with our economy, and in particular our business sector, that we’re just not as competitive on the world stage as we used to be,” Philip Cross, a senior fellow at the Fraser Institute and former chief economic analyst at Statistics Canada, told The Epoch Times.