Investors steering clear of Canada’s energy sector
Canada’s investment climate for the energy sector can be described as unfavourable, at best. Clearly, investors have reached their breaking point with Canada’s uncompetitive policies and regulatory uncertainty and are steering clear.
The result is fewer Canadian jobs and lower economic growth.
According to the most recent Statistics Canada data, foreign investment in Canada’s oil and gas industry in 2017 fell by the largest amount in the last 17 years – down 12.2 per cent to $120 billion.
So why are energy investors turning their backs on Canada?