Weak Business Investment in Tech and Innovation Hurting Canadian Productivity: Report

A woman on a cellphone is seen in downtown Toronto. U.S. companies invest more in communications technology than Canadian firms do, a new report says. Don Quincy/DQC Photo

A lack of investment in innovation and technology by Canadian corporations is hampering productivity, a new report by the Fraser Institute says.

Business investment in high-tech and innovative assets has been weaker in Canada compared to the U.S., according to The Weakness of Corporate Investment in Canada, 2001–2021 published on Sept. 24 by the think tank.