“Canadian provinces now lead US states in average economic freedom, with the provincial average at 6.8 compared to 6.7 out of 10 for US states,” claims the new study by the Fraser Institute.
Topping the list of the most economically free subdivisions of North American countries is the Canadian province of Alberta, followed by Delaware, Saskatchewan, Texas and Nevada.
On average, American states lose to Canadian provinces in a number of categories, including regulation of credit, regulation of business, and legal system and property rights. While the average of economically free regions is higher in Canada, it is worth noting they have both the most free state, Alberta, and the least free state, Prince Edward Island, which is located off the coast of Nova Scotia.
The Freedom Index for North America was calculated using ten components in three basic areas: size of government, takings and discriminatory taxation, and labor market freedom. The number one issue affecting U.S. states’ freedom is the amount of government spending.
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