Statistics Canada’s August economic growth numbers show that the economy contracted.
business investment
Nearly 40 per cent of second quarter growth came from the energy sector.
As a share of GDP, business investment in Canada stands around 11 per cent.
Alberta’s new carbon tax, and higher corporate and personal income taxes, all contribute to a poor investment climate.
From 2015 to 2017, Canada ranked second lowest among 17 comparable countries in annual investment as a percentage of GDP.
Vancouver, along with dozens of other cities, is trying to attract Amazon’s second North American headquarters.
The Wynne government plans to raise the minimum wage to $15.
Ontario’s top combined marginal personal income tax rate is 53.5 per cent.
Since 2003, manufacturing sales in Ontario have remained essentially unchanged yet increased by 20 per cent in B.C.