Strategic and decisive action needed to bolster productivity through modernized regulation, red tape reduction and stable policy environment
Calgary, AB, March 27, 2025 – Canada’s economic future depends on our ability to compete globally — but we’re falling behind. Productivity has dropped significantly, and Canadians are feeling the effects. In fact, 78% are concerned about lagging productivity and are looking to government to help create the right conditions for success.
“A competitive Canada is about more than just business – it’s about building an economy that supports jobs, bolsters wages and drives long-term prosperity,” says Ruhee Ismail-Teja, Vice President, Policy & External Affairs at the Calgary Chamber of Commerce. “To get there, we need simple, smart and modern policy. While 59% of Canadians believe a strong regulatory system benefits everyone, only 23% think the government has been effective in creating a streamlined environment to date. We can accelerate our growth by modernizing regulation, simplifying the tax system and creating the certainty needed to attract investment and boost productivity.”
Canada has fallen from the 6th to the 18th most productive economy globally. If left unaddressed, this decline could result in billions in lost investment, slower wage growth and reduced prosperity. Meanwhile, 70% of Canadians want a government that supports business, but many entrepreneurs say current policies are holding them back.
Competitiveness by the numbers
- 78% of Canadians are concerned about lagging productivity.
- 59% believe a strong regulatory system benefits everyone — but only 23% say it’s currently working.
- Regulatory requirements have increased by 40% since 2006, hampering growth and investment.
- 46% of Canadians want a government that balances growth investment with reduced spending.
To strengthen competitiveness, the Calgary Chamber recommends five key actions:
- Streamline regulatory approvals through a “one project, one approval” model coordinated across jurisdictions.
- Simplify business taxes to attract investment and spur innovation.
- Prioritize economic growth over spending cuts by expanding the tax base through productivity.
- Withdraw or revise regulations that hinder responsible development – including the Oil & Gas Emissions Cap, Clean Electricity Regulations and changes to the Competition Act.
- Advance carbon contracts for difference (CCfDs) and ensure access to clean economy investment tax credits to keep capital in Canada.
About Inflection Point
Inflection Point is a plan for a competitive, productive and prosperous Canada. It outlines 82 evidence-based policy recommendations across five pillars, shaped by extensive consultation with businesses and Canadians through roundtables, surveys and national polling. These recommendations are intended for all political parties, elected officials and civil servants — recognizing that both government and the business community have a shared responsibility to address Canada’s most pressing challenges.
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About the Calgary Chamber of Commerce
The Calgary Chamber of Commerce exists to help businesses reach their potential. As the convenor and catalyst for a vibrant, inclusive and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification and opportunity. As an independent, non-profit, non-partisan organization founded in 1891, we build on our history to serve and advocate for businesses of all sizes, in all sectors across the city.
Media opportunities
For media inquiries, please contact
Brittany Brander, Manager, Public Relations & Communications
media@calgary-chamber.papercrane.ca
