Investment Chill Grips Canada Amid Oil Woes and Trump Threats
- Capex, FDI languish with firms hitting production constraints
- Government opts not to match U.S. tax cuts in its budget
Photographer: David Paul Morris/Bloomberg
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More companies are saying no thanks to investing in Canada.
The world’s 10th largest economy is still grappling with the effects of the oil-price crash as its southern neighbor lures work away with tax cuts and protectionist threats. Canada’s struggle to boost investment in this environment threatens both its maturing expansion, which relies heavily on spending by indebted consumers, and its long-term competitiveness.