- Statistics Canada released official economic data for Canada.
- Statistics Canada reported on Canada's productivity decline, accompanied by economic commentary from the Bank of Montreal.
Economic Freedom Report Tracks Canada's Decline and Hong Kong's Ranking
What happened
The Fraser Institute published the 2026 Economic Freedom of the World report, which ranked countries based on economic freedom. The report noted that Canada fell from 9th in 2023 to 18th in 2024, with the decline driven by size of government, regulation, and freedom to trade internationally. The report relies on 2024 data across 165 countries.
From recorder.ca
Why it matters
Economic freedom, which measures openness to trade, tax and regulatory burdens, is considered fundamental to prosperity. The decline in Canada's ranking was attributed to a relatively high tax burden and issues in the size of government area. The report suggests that when people are less economically free, their standards of living tend to suffer.
Statistics Canada previously reported on Canada's productivity decline.
From recorder.ca
Who's involved
- Fraser InstituteIndependent Canadian public policy think-tank that published the ranking report.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Goldman SachsSpeculative
Goldman Sachs might see increased demand for market listings if Hong Kong's status improves.
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The entities involved
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Hong Kong
city and special administrative region of China
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Fraser Institute
Public policy think tank
- The Fraser Institute published studies on May 28, 2026, detailing how Alberta contributes disproportionately to Canada's wealth and the impact of federal policies on the province's economy.
- Fraser Institute and Canadian Taxpayers Federation push anti-tax narrative while David Eby proposes a modest tax increase for high earners in Alberta.