Wake Up Canada - You’re Losing Big Time - Kevin O’Leary

According to Stats Can, net foreign direct investment (FDI) in Canada fell 37% in 2017 from the previous year. Total net FDI outflows from Canada jumped 2% in 2017, with the majority of that capital going to the U.S.
“The thing about money is that it has no political affiliation. It doesn’t care. It looks to the path of least resistance, and that path is no longer in Canada,” chairman of O’Shares ETFs, Kevin O’Leary told Kitco News on the sidelines of the “Three Sharks In A Castle” symposium. “If you’re doing a large project, you’re not doing it in Canada anymore; it’s not the place to invest.”
According to the Shark Tank investor, the Canadian corporate sector has lost its competitive edge since President Donald Trump’s tax cuts have reduced U.S. corporate tax rates to 21%. (show less)

According to Stats Can, net foreign direct investment (FDI) in Canada fell 37% in 2017 from the previous year. Total net FDI outflows from Canada jumped 2% in 2017, with the majority of that capital going to the U.S.
“The thing about money is that it has no political affiliation. It doesn’t care. It looks to the path of least resistance, and that path is no longer in Canada,” chairman of O’Shares ETFs, Kevin O’Leary told Kitco News on the sidelines of the ... (read more)

Daniela Cambone

Daniela Cambone

Editor-in-Chief

Three Sharks In a Castle
Hosted by Shark Tank star Kevin O’Leary, the symposium at the newly renovated Casa Loma in Toronto, featured fellow Shark Tank investors, Mark Cuban and Barbara Corcoran as keynote guests. This is the first time the three have shared the stage in Canada.

Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.