Riley Trimble

As a Canadian I applaud @MarkJCarney and the GoC for the Invest Canada Summit in terms of the messaging sent to the world in a well presented marketing package. The key to evaluating the success of this marketing effort over the next 12 months will come down to 2 key aspects: 1) regulatory timeline streamlining and guarantees to answers (either “yes” or “no”) and 2) seeing Canadian institutions (and particularly the pensions) investing in Canada. We cannot ask the world’s investors to invest in Canada when our own institutions don’t. Rightfully international institutions have asked “why don’t you then invest in Canada as you know it better than us”. The 2 keys to success are clearly linked in that the answer is all in approval timeline certainty. Money will not invest without accountability around decision timeframes and this was the key question asked by all institutions at this summit. Canadian pensions manage $5.5 Trillion or 160% of GDP yet only invest under 25% of that domestically. If Canada is truly the country that the summit portrayed (and I believe it certainly can be) then these Canadian pensions should own significantly more of it and to the benefit of both the pensioners and also the country. A fundamental shift in the regulatory regime and framework is a necessity for success here and investors will sit on the sidelines until this is actually actioned 🇨🇦