Canada slips to 10th place in IMD competitiveness ranking, worst in years

[Locutus]

cucky ways

OTTAWA - A plunge in commodity prices hurt Canada as it fell to 10th place in the latest rankings of business competitiveness by the IMD World Competitiveness Center, its worst position in several years.

The Swiss-based group, part of the IMD business school, ranked Canada in fifth place last year.

The drop came as the downturn in commodity prices hits the economy hard and dragged down its ranking in several key categories for economic growth.

"I think most of the major issues that originated the drop in the ranking are external to Canada, something that is out of the control of policy-makers at the moment," said Jose Caballero, senior economist at the IMD World Competitiveness Center.

"It's true, it's a drop, it's concerning, but fluctuations in the top 10 are expected."


mo



https://ca.finance.yahoo.com/news/c...-competitiveness-ranking-worst-181427918.html

 

[Walter]

Justine will provide.

 

[Johnnny]

The drop came as the downturn in commodity prices hits the economy hard and dragged down its ranking in several key categories for economic growth.

The miners in Canada have lost major market value in the last while, now the transporting industry such as the railroad etc have laid off people because there is less to transport... The layoffs are going to just keep on racking up in other industries, its like a spill over. The outlook for this year is not very good and im hoping im wrong.

In Northern Ontario at least if you have a job thats not minimum wage then your one of the very few

 

[mentalfloss]

You have everything you need to know already laid out in that article for why this falls squarely on the previous administration.

 

[Jinentonix]

You have everything you need to know already laid out in that article for why this falls squarely on the previous administration.

Really? From the article itself.

Caballero noted that the drop in the government's efficiency rating came in the wake of last fall's election, which saw the Liberals oust the Conservatives.

Canada's overall economic performance ranking fell to 14th from 10th in 2015. Government efficiency slid to 10th from eighth, while business efficiency dropped to 12th from third. The country's infrastructure ranking fell to ninth from sixth.

"I think most of the major issues that originated the drop in the ranking are external to Canada, something that is out of the control of policy-makers at the moment," said Jose Caballero, senior economist at the IMD World Competitiveness Center.

But yeah, I'm sure some part-time DJ and full-time partisan hack would understand more about this stuff than a senior economist at the IMD.

 

[JamesBondo]

The Obama admin has been blaming Bush for two terms. I expect the same from Liberals.