Charles DeLand, associate director of research at the institute and lead author, wrote that jurisdictional overlap among various government levels and high regulatory costs further weigh on productivity and competitiveness. Established in 1958, the institute aims to raise living standards by fostering economically sound public policies.
“The complexity and uncertainty of Canada’s current regulatory framework are major barriers to investment,” DeLand said in the report. “Streamlining these processes is essential for economic growth and competitiveness.”
The report is the second released this month to critique Canada’s regulatory regime. The other report, from PwC, focused on British Columbia.
Stringent environmental regulations and the need for thorough Indigenous consultations also complicate and delay investment decisions, DeLand said.
As a result, investment has declined and the comparative investment gap between the…
