Canada Slips To 10th Place In IMD Competitiveness Ranking, Worst In Several Years

Darpan News Desk The Canadian Press, 30 May, 2016 12:20 PM

OTTAWA — Canada has fallen 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 comes as the downturn in commodity prices hits the Canadian economy hard.

The IMD says weak performance by the domestic economy hurt Canada's overall ranking.

Hong Kong was ranked first in competitiveness for 2016, moving up from second place last year.

Switzerland was second, while the United States was third.

Rounding out the top five were Singapore in fourth place and Sweden in fifth.

Prev Next

MORE National ARTICLES

Uber In Alberta Says It Will Shut Down Tuesday Unless Province Agrees To Changes

The manager for Uber in Alberta says the ride-sharing app will cease operating in the province on Tuesday unless the provincial government makes insurance and licensing changes.

Uber In Alberta Says It Will Shut Down Tuesday Unless Province Agrees To Changes

Canadian Taxpayers Federation Blasts MPs For Voting To Increase Office Budget

The Canadian Taxpayers Federation is criticizing the federal government for quietly approving a hefty increase to MPs' office budgets.

Canadian Taxpayers Federation Blasts MPs For Voting To Increase Office Budget

To Kill Or Not To Kill? OSPCA Seeks To Destroy 21 Alleged Fighting Dogs

Twenty-one alleged fighting dogs sit in a kennel in an undisclosed location somewhere in Ontario, where they'll remain until a court decides whether they live or die.

To Kill Or Not To Kill? OSPCA Seeks To Destroy 21 Alleged Fighting Dogs

Polar Bear Encounters With Humans On The Rise, More Put In Churchill Jail

Polar bear activity reports from the past three years show the number of documented cases in Churchill has jumped from 229 in 2013 to 351 last year.

Polar Bear Encounters With Humans On The Rise, More Put In Churchill Jail

B.C. Forestry Company To Suspend Operations For One Day After Workplace Death

TimberWest Forest Corp. spokeswoman Monica Bailey said an equipment operator was killed Friday afternoon at the company's Bonanza Lake site near Port McNeill.

B.C. Forestry Company To Suspend Operations For One Day After Workplace Death

Canadians Gather In B.C. To Demand Safe Passage To Europe For Syrian Refugees

A choir sings hymns of peace on a downtown Vancouver beach while a small dinghy gently coasts ashore and a dozen people in life jackets, including a young boy, alight onto the sand.