Chrystia Freeland’s ‘new economy’ is fuelled by old-fashioned subsidies
By Jack Mintz, National Post, Jan 26, 2024
With Canadian GDP per capita dropping like a stone, what would you expect our minister of finance, Chrystia Freeland, to say last week at the elite Davos confab? “Come to Canada! We have $135 billion to give you!” is what she did say. Given our poor investment performance, it seems the only way to attract capital is to offer billions of tax dollars to foreign multinationals.
But not just to any company that might want to invest in Canada. Freeland’s $15-billion Canada Growth Plan and $120-billion in tax credits constitute an industrial policy skewed toward clean energy, critical mining (e.g.,… Read more