Once again, I'm hearing the same words over and over: we need to move quickly, we can't lag behind, we have to be even clearer, we're never clear enough.
On November 1, 2022, the representative of Canadian Manufacturers & Exporters testified before the committee that certain provisions of the U.S. Inflation Reduction Act 2022 have drastically increased the amount of funding the U.S. federal government provides to domestic manufacturing companies. He added that the U.S. funding measures could trigger an outflow of investment from Canada to the U.S. and result in a loss of manufacturing jobs in Canada.
If, as Canadian Manufacturers & Explorers is saying, the U.S. legislation has triggered an outflow of investment, which sectors would be hit hardest in Canada?