Mar 14, 2013
By Scott Walker
Canada is moving up the economic rankings, but not because of anything it’s doing better. It’s mostly because other countries, especially those in Europe, are not doing as well.
The Conference Board of Canada examined 16 industrialized countries in such areas as productivity and attracting foreign investment.
Overall, Canada gets a ‘B’ rating after moving up to sixth spot, compared with 11th position in 2008.
Norway and Australia are the top economic performers, with each country getting an ‘A’ rating
The United States is fourth, two places ahead of Canada. The board says that’s because the U-S’s productivity is slightly better than Canada’s.
Canada’s productivity has long been criticized by economists.