“Poor investment in Canada not only deprives our economy of growth opportunities, it means that our firms lag their global peers in their capacity to conquer global markets, and that they may fail to take advantage of the vast possibilities permitted by our trade agreements with major economies,” it said.
“Rules and tax structures need to be adapted to a world that is rapidly expanding the potential and applications of digitalization, where a rising share of economic value is generated by intangible assets,” the report said, adding that some initiatives are already underway and should be “pursued with vigor and a sense of urgency.”
The report’s authors, members of the governmental affairs and public policy group at Bennett Jones, said raising the share of national income devoted to investment would reduce the share available for current consumption but it would provide a foundation for long-term prosperity. “Hikes in the policy interest rates of central banks have helped to moderate demand and rates need to be high for longer.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Opinion: Governments and industry must balance ethical concerns in the race for AI dominanceProtectionism, nationalism and racism undoubtedly play roles in concerns over technology consumption and adoption.
Källa: BurnabyNOW_News - 🏆 14. / 77 Läs mer »