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It takes money to make money. This is one of the oldest truisms in business.

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In national terms, it takes investment to generate economic growth. But in recent years, Canada’s economic policy has lost sight of that basic principle.

A major reason for Canada’s stalled economic growth and declining standard of living over the past decade is that business investment — a critical driver of growth — has been weak, suffering under a federal policy environment that has ranged from unhelpful to counterproductive. The result is a country struggling to compete, attract capital and generate the kind of prosperity Canadians expect and deserve.

When businesses look for opportunities to grow and invest, Canada has not been a clear choice for some time and the reasons aren’t mysterious. Investors want to know that when they make a bet on a country, that bet won’t be derailed by........

© Edmonton Journal