There's an old saying that “money talks and bullshit walks”, and we saw this with Canadians incorporating more companies in the States last year than in Canada, which has never happened in the history of our country. Entrepreneurs are starting companies in the States, not in Canada, which is a travesty, and it obviously weakens our country.
TC Energy's CEO said, “the US will continue to be where we'll invest” because “The returns we can earn in the United States are significantly more attractive than they are in Canada.” Canada has seen $54 billion in capital leave for the United States since the Prime Minister came to office.
The United States administration has shortened permitting times to 28 days, while the Liberal government continues to keep antidevelopment legislation in place. What kind of signal does it send to investors if these regulations are kept in place?