If you want another reason why Atlantic Canada has to get a whole lot better at attracting foreign firms, Statistics Canada has a good reason for you. According to a study released today, foreign-controlled plants accounted for most of the growth in labour productivity in the Canadian manufacturing sector during the 1980s and 1990s. During the 1990s, US-controlled plants alone accounted for about 45% of growth in Canada’s labour productivity.
Investment equals jobs and increased productivity.
Sounds like a bad idea. We should stick to growing our local firms.
Study: Impact of foreign ownership on growth in productivity