My concern is that, yes, we're moving into an environment of much higher interest rates, but I think that's generally going to be a more negative economic environment. Yes, it's going to be more profitable to invest in bonds than to take a risk investing in greenfield projects. In that type of environment, I think it's going to be difficult to tinker at the edges with policies and taxes to get people to take more risk. That's when you should be starting to work on a culture shift and changing the way we talk to corporations, entrepreneurs and foreign investors.
On October 5th, 2023. See this statement in context.