Persistent weakness in Canada's economy at crisis levels, it's time to execute, Coalition for a Better Future report says
OTTAWA, MARCH 26, 2026 – Canada’s economic foundation is eroding, and we are not facing a gradual change, but a crisis, says a new report by the Coalition for a Better Future.
Amid global disruption, geopolitical volatility, climate change, and domestic affordability pressures, the Coalition's 2026 Scorecard Report, Time to Execute: Canada’s Crucible Moment, finds that a lack of economic growth has escalated from a persistent weakness to a crisis.
Taking into account 21 economic growth measures with concrete 2030 targets, the Scorecard highlights a central vulnerability in Canada’s economy: a chronic lack of business investment is driving weak productivity, stagnant wages, and declining per capita incomes compared to G7 peers. Business investment has hit its lowest levels since the 1950s, with GDP per capita growth at just half of its pre-pandemic rate. Compounding this issue, the disruption in Canada’s trade relations with the United States has intensified existing pressures.
As countries around the world adapt to secure their economic futures through advancements in energy, critical minerals and innovative infrastructure, it’s time to turn ambition into action. Canada cannot afford to stand still.
“The world is changing. Others are building to win, and Canada must do the same,” says Hon. Anne McLellan, Coalition for a Better Future co-chair. “This is Canada’s moment to execute, boost productivity, and steward our resources. We either choose to build and compete—or risk being left behind.”
“We are at a defining moment—an intense test that will either forge a more resilient nation or see our standard of living fracture beyond repair,” says Hon. Lisa Raitt, Coalition for a Better Future co-chair. “The time for discussion has ended. It is time to execute.”
While the challenges are significant, the Coalition acknowledges promising developments. Prime Minister Mark Carney’s “Build Agenda” signifies a transformative effort. However, rebuilding our productive capacity will require long-term commitment and tough fiscal choices. There are no shortcuts.
Canada possesses significant strengths—abundant natural resources, a clean energy grid, a highly educated workforce, stable institutions, and innovative companies that can compete globally. The current geopolitical disruptions also present opportunities for Canada as a reliable trading partner.
The Coalition urges Canada’s governments and corporate leadership to seize this moment. Regulatory conditions need to continue to be adapted to foster business investment and innovation. But surviving this crisis requires more than government intervention: businesses must embrace the risks necessary for innovation. The private sector must leverage its strengths across sectors, such as agriculture, energy, and critical minerals, while swiftly adopting technologies such as AI to regain Canada’s competitive edge.
"We face challenging times, but by working together—collaboratively across governments, sectors, and parties—we can navigate these headwinds, build on the strengths of our great country and drive prosperity," McLellan and Raitt said.
Read or download the full report.
About the Coalition for a Better Future
The Coalition represents a diverse and growing community of like-minded organizations in the private and not-for-profit sectors, unified in our belief that economic growth is necessary for job creation, rising incomes, a cleaner environment and a better quality of life.
For more information or interviews, contact: info@canadacoalition.ca
