Canada on the Cusp of an Investment Supercycle

Dow Jones
Yesterday

0938 ET - Canadian policymakers have an opportunity to propel the country into an investment supercycle lasting a decade or more, analysis by Toronto-Dominion Bank says. Economists Beata Caranci and Derek Burleton argue recent the escalation in the U.S.-Canada trade war makes the case more compelling for Canada to seize the opportunity in front of it. They note there are more than C$1 trillion in announced projects already approved or on the table through 2035 and beyond, which because of varying timetables can create rotating waves of investment. They add this reflects only publicly announced projects, and there is scope for upside that could mean C$1.5 trillion-C$1.7 trillion could materialize over a longer term. Getting there will need bold policy action improving competitiveness on tax and regulations, they say.

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