Datametrex AI Ltd V.DM

RE:RE:RE:Crazy this stock killed me..

[peppesilver57]

So if tech will boost our productivity, why aren’t Canadian businesses investing more in it?

Poloz: Canadians have been investing in the U.S. instead of at home because there’s uncertainty around trade risk. The North American Free Trade Agreement barely got renegotiated at the end of Trump’s term. [Trump threatened to exclude Canada from the deal, which would have resulted in higher tariffs on Canadian goods.] And in 2026, the deal will need to be renegotiated. Will Trump be in office or Biden? Would you risk your business on that? I wouldn’t.

The other concern that’s hurting investment is that we have too much uncertainty in our resource industry, partly from lots of regulation. It’s well-intentioned, but it’s hard on the market.

What are some policies Canada should be pursuing to change that?

Poloz: I’m not suggesting more policy; we need less policy. Consultation [with stakeholders] and regulation often sound like the right thing to do, but they dramatically increase the timeline to get projects done. That’s why the private sector walked away from the Trans Mountain pipeline. At this rate, we’re not going to have enough investment in this country in five years.

Your book, The Age of Uncertainty, is about preparing for economic risks. What are some risks that could affect the Canadian economy?

Geopolitical conflicts and rising income inequality are two big ones. The former could disrupt trade and cause supply shocks. Take the food- and fuel-supply issues we saw because of the war in Ukraine — that sort of thing will happen more often, I suspect. Fortunately, the federal government is putting more focus on trade policies [with the Philippines, Vietnam, etc.], which I think is really important in a world where growth is going to be in other countries. We need to be able to take advantage of it.

This interview was conducted by Claire Porter Robbins and edited for length and clarity.

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