In a system of crony capitalism, firms and individuals compete for government favours rather than consumer dollars.
The average annual growth rate in investment in residential structures was only 1.4 per cent.
China represented 28 per cent of global greenhouse gas emissions compared to less than 2 per cent for Canada.
At 48.8 per cent, Ontario’s net debt-to-GDP ratio this year will be the highest in provincial history.
Canada plans to impose a punitive tax on carbon to discourage emissions, at $170 per tonne by 2030.
Quebec may soon ban all oil and natural gas development in the province.
The recent inflow of people to the region does not mean the problem of outmigration has been solved.
It’s important for policymakers to recognize the severity of Ontario’s growth problem, how long-lived it has been, and the challenge of weak business investment that could impede future growth.
Europe’s energy crunch should serve as a cautionary tale for governments across North America with regard to the challenges of abruptly changing our energy mix by subsidizing renewable energy.
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