BONOKOSKI: World Economic Forum has Trudeau’s Canada going the wrong way

Once in the World Economic Forum’s Top 10 for global competitiveness, Canada has plummeted four spots in only two years under Justin Trudeau’s Liberal government and the guidance of Bill Morneau as finance minister, so richy-rich that he somehow forgot he owned a villa in the south of France.

“Today, the world’s leading competitiveness index shows that Canada has dropped in the rankings for the second year in a row,” read the chamber’s statement. “(It’s) proving what Canada’s business leaders have expressed over and over and over again — that this country’s business and investment environment is weakening.

“And it is inconceivable that Canada’s competitiveness is not a central issue in this election.”

“As a trade-dependent nation,” said the CCC, “Canada’s ability to compete is critical to our economic well-being and the financial security of every Canadian.

“Despite all of the geographical and resource advantages that Canada has, we will squander these remarkable assets if we continue to ignore the limiting and sometimes harmful policy climate that erodes our ability to compete.”

Once in the Top 10 when Stephen Harper was prime minister and the late Jim Flaherty was handling the country’s finances, Canada has fallen to 14th place among the 141 countries analyzed by the World Economic Forum.