“Job Creators” MIA
Statscan investment intentions data released today show thatgrowth of Â real investment by the private sectorÂ is set to slow markedly in 2011 compared to 2010. (up 3.8% vs up 8.0% in 2010.)Â
So much for the stimulative effect of corporate tax cuts.
Surprise, surprise investment is concentrated in the resource sector, especially oil, whereÂ high prices and profits guarantee high returns to capital, irrespective of the tax rate.