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News Analysis
On the same day this week that New Brunswick’s Irving Paper said it’s closing half of its operations in the province, Apple announced a US$500 billion investment in the United States.
Apple’s announcement came on the heels of Saudi Arabia committing to a US$600 billion investment in the United States in January, and an Emirati businessman pledging US$20 billion to build data centres in the country earlier the same month.
Meanwhile, the Tissue subsidiary of Irving, whose Paper division cited rising energy costs for cutting operations in Canada, announced a US$600 million expansion to its operations in Macon, Georgia, in late November.
While the threat of Donald Trump’s tariffs on Canadian exports is garnering most of the attention, whether in the news cycle or amid the Liberal leadership race, an issue that isn’t getting as much attention is how the U.S. president’s focus on cutting taxes and regulations and using other tactics to attract business is impacting Canada’s competitiveness in attracting investments.
“Our real problem in Canada is our anti-business culture,” says Philip Cross, a former chief economic analyst with Statistics Canada, and now a…
