Capital investment in Canadian oil and natural gas in 2017 was $45 billion, down 44 per cent compared to 2014.
Canada’s forecasted production of 2.8 million barrels a day this year is down 6.7 per cent from last year’s projection.
The list of made-in-Canada policies that have reduced our competitiveness is long and substantial.
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.
Statistics Canada released its latest survey results on investment intentions for 2018.
Four provinces have increased their general corporate tax rates over the last three years, including B.C. and Alberta.
For many years, Alberta has maintained a strong investment climate vis-à-vis other provinces and other energy-producing jurisdictions.
As Ontario continues to undermine its economic future with growing debt, the province does not receive near the critical scrutiny it should from the media and financial markets. In reading CIBC World Markets latest Economic Insight, its not hard to understand why.