CANADA OUT OF TOUCH WITH REALITY

   Ivison, NP: “The level of foreign investment has never been so low and continues to fall off a cliff. There is a real, genuine, honest, non-partisan concern that Canada is so completely out of touch with the real world,” he said.
   The CEO said his contemporaries in corporate Canada speculated that a number of companies, including Enbrige, the country’s fourth biggest company by market capitalization, are set to decamp.
  “The rumour is they’ve been planning to move for a while and the U.S. tax changes sealed the deal,” said the disillusioned CEO.

    It is the problem of Canada’s lack of competitiveness – rather than the re-negotiation of NAFTA or the failure to built a pipeline to tidewater – that may be the gravest danger to the future health of the Canadian economy.

    Jobs, capital and head office functions are not gushing south of the border but a gradual seep is becoming evident.