Mr. Speaker, I really think question period today highlighted the fracture in philosophies on the best way forward for the Canadian economy. What we heard in question period today from the Liberals, time and again, was that if we keep spoon-feeding and force-feeding the failed policies of the last 10 years, it might work, instead of letting free enterprise and the capital market move forward with the ability to invest on its own.
In question period today, the Liberals were talking about direct foreign investment into Canada. The reality is that it is almost zero when there are no government dollars attached to that investment. We have seen those investments in Ontario and in different places. However, they would have never happened under the current economic climate unless there were taxpayer dollars involved.
If we go back in time, that was not the case. Large corporations could examine the Canadian market, take a look at the investment climate, the labour pools and all the different services that went into it. I am talking about before 2015. They could make their own decisions, and they did not need Canadian taxpayer dollars to make the investments; they would just come here.
It has not been great in the last 10 years. In fact for Canadian companies, unfortunately, the majority of the time when they have a chance to make an investment in Canada, they definitely are not doing so. They are choosing somewhere else. Unfortunately we see that in the news every day.
Another one is AI. It is a buzz word on the news, in business and everywhere else. At the beginning of the year, the United States announced there would be a $500-million investment into the broader AI sector. None of that was government dollars; it was all private dollars. There has actually been a lot more since that, NVIDIA being the greatest example. It is allocating $100 million out of its own free cash into AI, ChatGPT, in the United States.
It is pretty quiet up here in Canada. The only investment we really see is from the Government of Canada. Why is that? It is because the climate, not the weather climate but the investment climate, is not great. The other thing is that there is no extra electrical capacity in this country, partially because of all the red tape in seeking approval to start projects.
There is a lot I would like to continue on with. Of course unemployment, unfortunately and amazingly, under the current Prime Minister, and it is almost unbelievable I am saying this, is higher than when Justin Trudeau was the prime minister. I do not think the current Prime Minister ever thought that would happen. As well, there have been 86,000 job losses since he was elected. I do not think he ever thought that would happen, but it did.