Excluding residential investment, business investment dropped 17.3 per cent.
Blog series part 2—Incomes, overall income economy grew more slowly under Liberals than before 2008-09 recession
The Chrétien and Martin Liberals reduced the capital gains inclusion rate from 75 per cent to 50 per cent.
The top combined personal income tax rate now exceeds 50 per cent in eight provinces.
Governments can ease regulations that inhibit would-be startup companies from raising financial capital.
After the COVID crisis has passed, Ottawa should find ways to encourage private-sector investment and hiring.
Canada’s economy was sputtering prior to the COVID-19 crisis.
In 2019, nearly $35 billion in investment left the country.
The federal debt-to-GDP ratio increased from 30.8 per cent to 31.0 per cent.
The economy grew at 0.9 per cent in the second quarter, not 3.7 per cent.