The federal government of Canada is facing criticism for its perceived commitment to undermining investment in the country. Business investment has significantly declined, particularly in the extractive sector, where it plummeted by over 51% from 2014 to 2022.
Critics attribute this trend to an increasing regulatory burden, including controversial legislation like Bill C-69, which complicates the approval process for major infrastructure projects. The growing number of regulations is seen as deterring potential investments, prompting calls for urgent regulatory reform to enhance Canada's competitiveness and attract business investment[1][2].
Citations:
[1] https://www.fraserinstitute.org/article/federal-government-seems-committed-to-killing-investment-in-canada
[2] https://torontosun.com/opinion/columnists/green-trudeau-government-seems-committed-to-killing-investment-in-canada
[3] https://www.canada.ca/en/innovation-science-economic-development/news/2024/05/government-of-canada-orders-the-dissolution-of-canadian-businesses-following-a-national-security-review-under-the-investment-canada-act.html
[4] https://ised-isde.canada.ca/site/investment-canada-act/en
[5] https://sencanada.ca/en/sencaplus/opinion/how-canada-can-buck-the-trend-of-lagging-business-investment-senator-bellemare/