Current projections suggest firms will invest less money in Ontario this year than in 2008.
Statistics Canada’s August economic growth numbers show that the economy contracted.
Nearly 40 per cent of second quarter growth came from the energy sector.
As a share of GDP, business investment in Canada stands around 11 per cent.
Alberta’s new carbon tax, and higher corporate and personal income taxes, all contribute to a poor investment climate.
From 2015 to 2017, Canada ranked second lowest among 17 comparable countries in annual investment as a percentage of GDP.
Vancouver, along with dozens of other cities, is trying to attract Amazon’s second North American headquarters.
The Wynne government plans to raise the minimum wage to $15.
Ontario’s top combined marginal personal income tax rate is 53.5 per cent.