Economist warns lack of private investment could create problems for Canada

Jack Mintz by Jonathan Muma Posted Aug 3, 2017 1:31 pm MDT Last Updated Aug 3, 2017 at 1:33 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Canada’s economy is at risk of sputtering out if private investment doesn’t pick up.That’s according to Jack Mintz, the President’s Fellow of The School of Public Policy at the University of Calgary.The economist said the termination of the $36-billion Pacific Northwest Liquefied Natural Gas project is another troubling sign, but added oil and gas is just the tip of the iceberg.“Even in the services sector, we’ve had relatively low investment in the past number of years,” he explained.Mintz said federal and provincial governments need to address it, but they haven’t been helping so far.“Governments have been piling on,” he stated. “They’ve been putting up taxes, especially adding to regulations and making them more costly.”Mintz pointed out the private investment rate relative to GDP between 2010 and 2015 in Canada compared to the OECD was only better than Greece, and if you take out the resource sector, it’s worse. (Stock photo: Pexels.com) Economist warns lack of private investment could create problems for Canada

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