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

Animal Lovers To Try Working With Authorities To Rescue Pets Left In Fort Mac

Members of the group said that by Sunday afternoon, they'd received thousands of emails from evacuees of the northern Alberta wildfire whose pets were left behind.

Animal Lovers To Try Working With Authorities To Rescue Pets Left In Fort Mac

Fatal Fall, Unprepared Hikers, Challenge Vancouver's North Shore Teams In Separate Rescues

VANCOUVER — The BC Coroners Service is investigating the death of a hiker on Vancouver's North Shore.

Fatal Fall, Unprepared Hikers, Challenge Vancouver's North Shore Teams In Separate Rescues

Six Year Prison Sentence For Ontario Daycare Operator Convicted In Child's Death

April Luckese was found guilty in March in the death of 14-month-old Duy-An Nguyen after a judge determined she lost her patience and assaulted the child, causing a skull fracture.

Six Year Prison Sentence For Ontario Daycare Operator Convicted In Child's Death

Foreign Buyers Crushing Home Dreams In Vancouver As Canada, B.C. Do Zip: Study

The Canadian and British Columbia governments are complicit in fuelling Vancouver's housing crisis as foreign Chinese buyers continue to shut local residents out of the market, a new study says.

Foreign Buyers Crushing Home Dreams In Vancouver As Canada, B.C. Do Zip: Study

Pilot Found Dead After Single-Engine Plane Crashes In Alberta Field

RCMP say they were called to the crash 13 kilometres west of Sylvan Lake on Saturday afternoon.

Pilot Found Dead After Single-Engine Plane Crashes In Alberta Field

Low Quebec Birthrate Spurs Some Calls For Increased Immigration

The province's statistics bureau said the 2015 rate was 1.6 children per woman, down one per cent from 2014 and marking the sixth consecutive year it had edged lower.