OTTAWA - Canada’s slow economic growth and poor competitiveness are undercutting its global interests, experts say, as the post-“sunny ways” version of the Trudeau government’s foreign policy emerges Wednesday with the announcement of a new cabinet. Canada’s international ranking in a series of global surveys has continued to decline in recent months, including during the federal election campaign, he said. That includes a drop in the World Economic Forum’s ranking of the productivity of G20 countries that saw Canada drop two positions to 14th place among 20 large advanced economies. In a speech Tuesday, the senior deputy governor of the Bank of Canada offered a grim prediction on the global economic situation. Get more business in your inbox Get the business news and analysis that matters most every morning in our Star Business Journal newsletter.

Source: thestar November 19, 2019 20:37 UTC