Canada's Economic Growth Halted by Industry Barriers

A new report from PwC Canada and the Canadian Chamber of Commerce argues that key barriers in five industries are preventing Canada from reaching its full economic potential. The country has advantages such as natural resources, research institutions, an educated workforce, political stability, and privileged access to global markets.

The report identified financing gaps for companies in the growth stage as a major obstacle in the artificial intelligence sector. In mining and critical minerals, the authors said that relatively few projects move quickly, with new production sometimes taking 10 to 15 years.

The report also highlighted slow regulatory permitting processes, limited capital for growth, costly infrastructure bottlenecks, and other common barriers across Canada's economy. Removing these structural barriers could allow businesses to better deploy capital and help the country produce more global champions.