Former Bank Of Canada Governor Concerned About Canada’s Falling Competitiveness

David Dodge says Canada has been doing things “to shoot ourselves in the foot” when it comes to economic competitiveness.

The former governor of the Bank of Canada David Dodge is concerned about Canada’s falling economic competitiveness, and says much of that weakness is because of things being done within the country.

As Dodge told BNN in an interview“There are two issues here: One, we in Canada have been doing a number of things to shoot ourselves in the foot. Number two, the world outside is changing and creating a number of uncertainties for investment in Canada, both public and private investment. This is an issue for us … we do have to be concerned.”

Dodge is correct that both internal and external factors impact Canada’s competitiveness. The problem is that the government is doing the exact opposite of what we should be doing to respond to competitive pressure. With the US becoming a better place for investment due to reduced regulations and lower taxes, the Trudeau government is adding taxes and adding regulations – which is pushing investment to the south.

So, instead of taking action to mitigate external competitiveness challenges, the government is making things worse. And even as warnings pile up and investment flees, the Trudeau Liberals keep pushing the same big-government approach, driving us further towards serious economic problems.

Spencer Fernando

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Lets just say it, if we still had Prime Minister Harper, all of those oil and gas lines would be being built, taxes would be lower, we would have less red tape and regulations, he would be paying off our debt and not needing deficits, he would have better laws to protect our country, we would have more jobs in the private sector, so therefore we could have a reasonable amount of immigration so they could be settled properly with jobs and help available for those that need it and done without tents and welfare and RCMP and Armed Forces… Read more »

Ralph Knapp

The carbon tax sure makes us more competitive, eh?

Eric Blair

Dodge is the latest of people in the know who have been warning of the danger Canada faces with investments in the future. We have just heard from CEO of Suncor just this week, the CEO’s of the banks about a month ago and others on BNN about this very threat to Canada. You can bet that the conservatives will get a huge election contributions from all businesses come next election which might explain why trudeau is coming up with contribution limits for the next election. I wonder why? Also in yesterday’s Globe was a story about all our important… Read more »

Ed R Peebles

We Canadian’s are real Sheeple, we are allowing a small lie to destroy our country . Canada is really a Carbon Neutral Country as our Forests and their Tree’s process and with photosynthesis consume a lot more Carbon Dioxide than we produce !

Ed P.