Canada has always been renowned globally as one of the most beautiful and most livable places on earth. Recently Canada has also been named to have the most reputable economy, but does this ranking necessarily mean that we are better off? A new report made by the consultancy The Reputation Institute shows that although the Canadian economy is honest, it is not necessarily the strongest.
Although full of highly educated people and plentiful resources, the lack of venture 
capitalism limits Canada’s international potential as much of its many talented people often move to other countries in search of work. The only way we can expect to be competitive in a global economy is to retain our educated workforce and promote innovative growth within Canada.
Another key issue we face is the limitations of our production. Canada has traditionally been known as an exporting nation, providing the world with a range of raw materials from wood to precious metals. However, the production capabilities within the country are rather weak compared to those of China and the US, who notably did not make the list.
So what does this mean? Should Canada change its practices for higher profits? I believe that in the long run, it will be more important to have a strong economy than a weak one.