Confidence and investment collapsing in Canada—Trans Mountain is just the latest example
Contrary to the announcement that Ottawa will spend almost $300,000 to discern the reason behind the lack of investment in Canada’s energy sector, there’s actually no great mystery.
Kinder Morgan’s recent suspension of non-essential spending on its $7.4 billion Trans Mountain pipeline project is the just the latest example of business investment collapsing in Canada. We are now four years into plummeting investment in Canada’s energy sector, while the same industry is booming in the United States. Now our federal government wants to “study” why. It’s pretty simple: when a country or jurisdiction fails to offer a competitive investment environment or when the rules and policies are uncertain and unstable, business owners, entrepreneurs and investors look elsewhere.