Thursday, May 17, 2018

LIBERAL POLICIES DRIVING AWAY INVESTORS

   ATCO chief executive Nancy Southern, one of Alberta's most prominent business leaders, lashed out at Prime Minister Justin Trudeau during her company's annual meeting on Tuesday, blaming his policies for scaring away investors and questioning his leadership.
   Speaking on the same day Trudeau arrived in Calgary to make a civic funding announcement, Southern told shareholders and employees that watching Canada's economic competitiveness decline is "heart-breaking" and makes her want to cry. Southern pointed to increased regulations, labour laws and taxes as reasons why companies would rather invest outside of Canada.
   ATCO, best known for its utilities business, continues to spend in Alberta on infrastructure projects but is diversifying through major acquisitions and expansion in South American, Australia, Mexico and the United States.

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