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September 29, 2021

Canada: the third-best nation for business

As the old saying goes: you can only do so much business in Armenia.

In Canada, we’ve been looking for a sliver of hope in this economy for a while. A flicker, even. Anything will do.

Well, how’s this?

As bad as we thought things had gotten, hopes for Canada’s quick recovery received a nice stamp of approval recently, our nation ranking third on Forbes’ annual Best Countries For Business list.

In fact, Canada was one of only two countries west of Europe to crack the top 10.

Denmark took the top spot for the second year in a row, followed by the United States (up two spots from last year), Canada (up four), Singapore (up four) and New Zealand (up seven).

The U.K., Sweden, Australia, Hong Kong and Norway rounded out the rest of the top 10, in order.

The highest-profile slide this year? Ireland, which is down 12 spots to no. 14. And, geez it’s hard not to make alcohol parallels here, but Forbes blames the slump on a Guinness mega-brewery being shelved after exports slowed and parent company Diageo put the plans on ice.

Other fallers include Uruguay, which fell 22 spots (to no. 66), Latvia (down 13 spots to no. 45) and Armenia – poor, poor Armenia – is down 31 spots to no. 94.

And while things haven’t been good for many nations on that Forbes roundup, it’s certainly better for your country to appear on that list than this one.

By Jason Buckland, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...