Mr. Chair, in 2016, foreign investment in Canada fell by 42% overall and again by 27% last year. U.S. investment in Canada decreased by half, while Canadian investment in the U.S. is up two-thirds since the Liberals were elected.
Brett Wilson, Canoe Financial chairman and co-founder of FirstEnergy said, “Americans aren’t investing here because they’ve got a choice of tax rates. You pay 30, 40, 45 per cent in Canada, or 20-21 per cent in the U.S. You’re not going to come to Canada by choice.”
How can Canada possibly compete with the United States, which is cutting taxes and red tape, while the Liberals are doing the exact opposite in Canada?