Investment in plant, machinery and equipment by private businesses has declined 18.2 per cent.
Private-sector capital spending in the U.S. picked up substantially after President Trump took office.
Canada’s employment rate has steadily declined since December 2017—from 62.0 per cent to 61.5 per cent.
Capital investment in Canada’s oil and natural gas in 2017 was down 44 per cent from 2014.
The U.S. corporate tax rate is now significantly lower than Canada’s rate.
Canada’s unemployment rate in August rose to six per cent with Ontario leading the way, losing about 80,000 jobs.