Commentary
If there is one thing investors like before committing funds to projects, it’s a sense of stability. They want to know circumstances won’t unexpectedly change and sour their investment. This is particularly true with foreign investors who entrust their capital to a nation over which they have no control. That makes them more skittish and inclined to close their wallets at any sign of political instability or lack of trustworthiness within the government.
During her testimony at the Emergencies Act inquiry, Finance Minister Chrystia Freeland noted how Canada is having trouble attracting foreign investment. She got close to flying right over the target but then missed with an almost audible whoosh as she blamed weak investor confidence on the truckers’ Freedom Convoy protest….