Canada Among Economically Free Countries


    Once again, Canada ranks among the world’s most economically free countries, ranking seventh overall says the Fraser Institute’s annual ‘Economic Freedom of the World’ report. The report measures the economic freedom (levels of personal choice, ability to enter markets, security of privately owned property, rule of law, etc.) by analyzing the policies and institutions of 151 countries and Hong Kong. “The link between economic freedom and prosperity is undeniable. Countries like Canada offer the highest quality of life and personal freedom while the lowest-ranked countries are usually burdened by oppressive regimes that limit the freedom and opportunity of their citizens,” says Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom with the Fraser Institute. This year, Canada moved up one spot in the rankings, to seventh from eighth, and improved its score (to eight from 7.9 out of 10). The United States, once considered a bastion of economic freedom, ranks 12th in the world.