I will. Thank you.
The symptom of our weak economy is not enough capital at key stages in the financing cycle, particularly capital-intensive innovative businesses with large research or technology risks that venture capitals don't address, companies with traditional market and other risks that venture funds can financial successfully.
Our diagnosis? While some problems are outside our control, some arise from aspects of financing programs, or their lack, and others from imbalances in the regulatory and tax systems. People must have confidence in the markets and taxpayers must have confidence that taxes will be paid. Not surprisingly, governments have determined that for investors and taxpayers to feel protected, regulation is the answer, but sometimes it's been to the detriment of other parts of the markets. Canada's securities commissions protect investors, but they must also promote fair and efficient capital markets. We have examples where we think the balance isn't right. CRA has a duty to ensure that taxes are paid, but the combined rules and administration that are our tax system also affect the savings to investment processes.
Still too fast?