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Philip Cross: Weak business investment frustrates Carney's plan

Outside mining, Statistics Canada's annual survey of investment plans doesn't show the private-sector surge the government was hoping for

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A central pillar of Mark Carney’s plan to restructure and revitalize Canada’s lethargic economy is to revive business investment, which has been slumping since 2015. The first chapter of his government’s November 2025 budget trumpeted how “accelerating major nation-building projects” through the new Major Projects Office was going to help bring a much-needed renaissance of business investment in Canada.

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