Government-sponsored venture capital initiatives tend to underperform compared to initiatives funded by the private sector.
Ottawa’s so-called infrastructure spending plan includes $77 million to develop regulations for driverless cars and unmanned air vehicles.
By 2019/20, Canada’s debt-to-GDP ratio is forecasted to be 31.5 per cent.
By reducing the rewards of investment and entrepreneurship, governments in Canada have discouraged the very activity they profess to encourage.
Under the Trudeau government, deficits continue with no end in sight, debt is growing and taxes have increased.
Since the Liberals’ first forecast in 2015, expected GDP for 2017 has dropped by $62 billion or $1,700 per Canadian.
The Trump administration is negotiating tax reform that could make the U.S. much more attractive for investment and skilled workers.