GENEVA — Canada has moved up two notches to 13th position in the latest Global Competitiveness Report issued Wednesday by the Geneva-based World Economic Forum.
The report says Canada improved its ranking mainly because of a lower budget deficit based on 2014 data and a more favourable assessment of its financial market development.
It says Canada’s competitiveness is also built on such areas as “highly efficient labour markets” and a sound banking system, but cautions that exposure to a potentially overvalued housing market could become a risk in the near future.
The WEF says that in order to counter the effects of lower …read more
Source: Macleans
