Today we are releasing Our National Competitiveness and Canada’s Territories. Canada is fighting for its economic leadership against aggressive, agile foreign competitors and needs economic strength in all of its regions to compete and win.
With the exception of those who live, work and invest in the territories, most Canadians are not aware of their potential—with their vast natural resources, breathtaking geography and young, fast growing Aboriginal population—to contribute to our economic edge and collective prosperity. Reducing the dependence of Canada’s territories on the federal government for financial transfers and jobs will improve our national competitiveness. With the right tools, business in the territories can make economic growth and increased independence from the federal government happen.
In 2014 and 2015, the lack of economic development tools for businesses in Canada’s territories was included in our Top 10 Barriers to Competitiveness.
Building upon work started in 2012, during 2014 and early 2015 we met with business people in the three territories to learn more about the tools they told us are critical to their success and to increasing their economic footprint. In this paper, we identify the key federal policy levers that give businesses the tools to grow and we offer recommendations on how to improve the environment for business in the territories.
Read Our National Competitiveness and Canada’s Territories.
You can also join the conversation by contacting Susanna Cluff-Clyburne at email@example.com.