Discussion · Government Orders
Michael Chong Conservative
“The member opposite is looking at the wrong numbers. Business investment in Canada has gone down for five quarters in a row. It is now too low to even replace our aging equipment, which is a major problem.”
“Mr. Speaker, the member opposite is making the mistake of looking at flows, in other words at the P&L, rather than at the balance sheet. The balance sheet is clear. Business capital investment has declined in each and every one of the last five consecutive quarters. That is the more important measurement, because as capital is deployed, it depreciates, and the fact that business capital investment has failed to keep up with the capital depreciation in this country and has declined over the last five quarters is a much more alarming statistic than the flows he is citing.”
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Official Hansard
Mr. Speaker, the member opposite is making the mistake of looking at flows, in other words at the P&L, rather than at the balance sheet. The balance sheet is clear. Business capital investment has declined in each and every one of the last five consecutive quarters. That is the more important measurement, because as capital is deployed, it depreciates, and the fact that business capital investment has failed to keep up with the capital depreciation in this country and has declined over the last five quarters is a much more alarming statistic than the flows he is citing.