Cory Morgan: Decline in Economic Freedom Raises a Red Flag for Canada
Commentary The Fraser Institute has released its Economic Freedom of the World annual report, and Canadians should be alarmed as the country has dropped from 9th to 18th. Economic freedom correlates directly with happy, healthy, prosperous lives. Canada is still a long way from the bottom, but moving in the direction of nations such as [...]
TL;DR
- Canada has fallen from 9th to 18th in the Fraser Institute's Economic Freedom of the World report.
- Economic freedom is linked to happier, healthier, and more prosperous lives.
- Reasons for Canada's decline include increased government size, strict regulations, and reduced international trade freedom.
- The current rankings do not reflect recent trade war impacts, which could further lower Canada's position.