Canada ranks first for business operating environment

According to the Global Dynamism Index (GDI), a global study by the Economist Intelligence Unit for Grant Thornton, Canada ranks 9th among the 60 largest economies in the world based on 22 indicators across five growth areas: business operating environment, technology, labour market, market growth and financing environment.

Canada ranks first for its business operating environment, which considers key indicators such as foreign trade and exchange regimes and controls and policy towards private enterprise and competition...

However, Canada needs to work on promoting itself as a choice business destination that supports the growth of foreign companies...

We also need to improve in technology, where Canada ranks 20th. “In today’s business environment, you have to do more than just cut costs to stay competitive. Our businesses need to increase their R&D investments. We lag behind our neighbours to the south in this regard,”...

This has been excerpted from the 21 September 2015 edition of the Canadian Shipper.