Adam Pankratz: Canada’s real economic enemy isn’t Trump. It’s the Liberals' regulatory overkill |
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Adam Pankratz: Canada’s real economic enemy isn’t Trump. It’s the Liberals' regulatory overkill
Industry leaders are sounding the alarm on self-inflicted rules killing investment and productivity
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The government of Canada needs to stop talking and start listening to what industry leaders are saying loud and clear: Canada’s main economic problems aren’t Donald Trump and the United States, they’re self-inflicted overregulation that’s stifling Canadian innovation and productivity. Bashing the United States might benefit Mark Carney politically, but it does nothing to solve our homegrown economic problems.
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Speaking in the Financial Times, representatives of Canadian industry explicitly identified our regulatory system, not Trump tariffs, as the real culprit of Canadian economic gloom. Derek Nighbor noted that overburdensome environmental regulations are “a productivity and competitiveness killer, driving away investment,” while Enbridge, a pipeline company, noted that “changes in policy and (the) regulatory environment need to happen,” before any further investment will happen on a new........