Canada’s competitiveness has been adversely impacted by fiscal and environmental policies that have reinforced the idea that projects cannot be built in this country
… Statistics Canada released its latest figures for the country’s capital stock in 2020 two weeks ago, which suggested investment increased by 1.3 percent last year, down from 1.8 percent in 2019.
But those numbers include government investment in things like infrastructure. Marion stripped out public sector spending to look purely at private sector investment. He found for the first time on record, there was an absolute contraction in our capital stock, as new investment did not cover depreciation – a calamity for a small trading economy like Canada.
