Carney's High Stakes Gamble: Can Canada Attract $1 Trillion in Foreign Investment? Mark Carney's investment summit has come to a close, leaving behind a flurry of announcements and ambitious promises.
The Prime Minister's goal is to attract $1 trillion in new investment over the next five years, but the question remains whether it will pay off. Tax incentives are a key component of Carney's strategy.
Ottawa plans to allow immediate expensing for most new capital investment – dubbed the "mega deduction" – making Canada more attractive to international businesses.