Why is canda not a good place to start a buisness
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Currency Spikes

The Canadian dollar, while more stable than the currencies of emerging markets, is highly sensitive to the demand for exports, which are concentrated in energy and commodities. Currently, this is working in Canada’s favor—the global oil glut has depressed the Canadian dollar, making the country’s other industries more competitive on the global stage. But this effect could someday be reversed; if oil and agricultural commodities recover, the rising balance of payments will put strong upward pressure on the Canadian dollar.

2. Commodities Soften

Canada’s abundant natural resources make its economic health dependent on global demand for energy products and other commodities. When the price of oil falls, consumer spending in oil-producing regions softens. The present oil glut has been challenging to the oil boom towns in Alberta, reducing economic activity throughout the province. A prolonged downturn in metals or forestry products could similarly depress communities throughout British Columbia and the Northern Territories.

3. Tightening Labor Market

The Canadian labor market is similar to that of most industrialized nations. While overall costs are lower than in the US, Canada does not enjoy the surplus of available workers that can be found in emerging markets. New operations in Canada will face challenges in recruiting talented workers, and wage inflation could become an issue if the economy begins to overheat.

4. Real Estate Costs

Years of near-zero interest rates have encouraged Canadians to take out larger mortgages, sending the cost of real estate in large urban areas spiraling. In response, new regulations will raise lending standards nationwide, and Vancouver is imposing tax penalties on foreign buyers. The Organisation for Economic Co-operation and Development (OECD) warns3 that rising rents in Toronto and Vancouver are squeezing out the middle-class workers these cities depend on.

As citizens grow increasingly wary of whose interests are being represented in the public policy arena, especially in light of recent sensational scandals showing a cozy relationship between professional lobbyists and lawmakers, a crisis of confidence is engulfing many democratic societies across the european and north american continents. public perceptions of undue influence peddling, in which special interest groups exercise too much sway over government for self-serving purposes, have led to growing demands for the regulation of lobbyists and transparency of the policymaking process. the united states and canada have been struggling for decades to refine their systems of lobbyist regulation. of all the shortcomings of the north american model of lobbyist regulation – and there are many – transparency is not, for the most part, one of them. many european countries have also been experimenting with systems of lobbyist regulation. until recently, however, the european national experiments have produced very different results among themselves and in comparison with the north american counterparts. surprisingly, some of the earliest efforts to regulate lobbying occurred among new democratic countries in eastern europe rather than the more advanced industrial democracies of western europe. this observation stands in stark contrast to the north american experience, where lobbyist regulation emerged as an effort to manage a highly developed class of professional lobbyists within the strictures of long-standing democratic principles. the authors find that the answer to this anomaly lies in the fact that early european lobbyist regulations focused not on  transparency  as a means to regain public confidence in government, but on providing business interests with  access  to lawmakers as a means to bolster fledgling economies. this focus on access is quickly giving way to demands for transparency as many european governments, racked by scandal, are striving to salvage the public's trust. propelled largely by example from a reluctant european parliament and commission, which are themselves attempting to convince europe that a regional government is in its own interest, several european countries are beginning to make a transition from weak systems of lobbyist regulation, which emphasize business access, to strong systems of lobbyist regulation, which emphasize public transparency. in order to discern ‘best’ practices for achieving transparency through lobbying regulation, the authors first chart the regulatory systems of the united states and canada. that is followed by an analysis of all of the european lobbying regimes. the oft-expressed objection to this new trend toward transparency in europe – that professional lobbyists view such regulations as overly burdensome – is undercut by research on european and american lobbyists’ attitudes toward regulation, which are generally quite favorable. like everyone else, lobbyists realize that they have an image problem and that the best way to address that problem is by operating in the broad daylight of public transparency. finally, the authors offer recommendations on how to enhance transparency in policymaking, drawing from detailed comparisons of the north american and european models of lobbyist regulation.