Foreign capital has been paramount to building Canada, but in the competition to attract ongoing international investment, Canada is at a crossroads. Direct investment in 2017 dropped to the lowest level since 2010, and mergers and acquisition activity resulted in an outflow of capital from Canada for the first time since 2007, when Statistics Canada started collecting the data.
The issue isn’t so much the tax regime, but rather the regulatory side, said Jack Mintz, a leading public policy expert. And curiously, the “canary in the coalmine” is the service industry, not the energy sector.
