Freeland’s budget bases Canada’s future heavily on attraction and retention of foreign direct investment

Without strong Canadian companies with the scale and scope to thrive in world markets, we cannot hope to be a strong competitive country with the high level of innovation, productivity, and good jobs.

Finance Minister Chrystia Freeland, pictured April 6, 2022, out shopping for her budget-day shoes at the Rideau Centre in Ottawa. While some foreign investment can help, it is really up to our own companies to deliver prosperity. That won’t happen if we rely on subsidizing foreign investment, without regard for Canadian enterprise benefits, and if we continue our policy that means almost all of our companies are for sale to the highest foreign bidder, writes David Crane. The Hill Times photograph by Sam Garcia

Opinion

BY DAVID CRANE

April 18, 2022

TORONTO—When members of the European Union, in response to Russia’s invasion of Ukraine, announced plans to wean themselves off Russian oil and gas, Canada’s fossil fuel producers saw this as an opportunity to boost oil and gas production, despite the environmental damage. Australia had a dif...

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