There’s an urgent need for regulatory reform, especially in Alberta.
This year Alberta once again failed to make the top 20 ranked jurisdictions worldwide.
Bill C-69 will likely make Alberta even less attractive to investment.
Saskatchewan increased government-sector employment by just 2.1 per cent—one-tenth of Alberta’s growth rate.
Investor concerns over uncertain regulatory enforcement have risen sharply since 2013.
Capital investment in Canadian oil and natural gas in 2017 was $45 billion, down 44 per cent compared to 2014.
The U.S. advantage over Canada is not surprising in light of recent U.S. tax cuts and deregulation.
The province increased its top personal income tax rate by 50 per cent.