Canadian economy 'stifled by red tape,' says new report

OTTAWA — Canada is being “stifled by red tape” so much that businesses now rank excessive regulation as more of a threat to investment than the Trump tariffs, a new report from a leading Canadian business group has found. Article content

The Business Council of Canada, a non-partisan organization that represents businesses across the economy, found that Canada’s regulatory burden is growing rapidly, with the number of government requirements now topping 321,000, an increase of 37 per cent since 2006. Article content

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The business group says unnecessary red tape isn’t just annoying and a waste of time and money but also directly affects the economy. Smarter, more efficient regulation, meanwhile, can allow companies to trim costs without sacrificing th