COMMENTARY: Canada has an investment problem — and Fogo Island, N.L., has a solution

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireMuch debate continues to greet the latest statistics indicating Canada’s productivity – measured as economic output generated per hour of work – has continued to decline, dramatically lagging other G7 countries. What began as a rant by pundits, has now shifted to a steady lament.

We need to make investing in Canadian businesses – and investing in our communities – a top priority again.In the last century, Canada invested heavily in major transportation, mass transit, housing, energy generation and distribution, health systems, post-secondary institutions and cultural infrastructure – the underpinnings of an economy able to grow and diversify, and a society able to integrate significant numbers of immigrants each year.

It's time our economic policies prioritized buttressing and building vibrant communities so that money stays in Canada and so that we are investing in Canadian ideas, services and industries.One of our greatest strengths is our small and medium enterprise sector which employs close to 90 per cent of Canada’s labour force working in the private sector. SMEs absorb newcomers, providing a path to economic inclusion, skills development and social integration.

Mary Rowe is with Shorefast, one of Canada’s largest social enterprises that brings together world-class community businesses and initiatives. - Contributed

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSİNESS

Business Business Latest News, Business Business Headlines