Jacob Mantle, York—Durham
“Canada's economy is in recession. A Canadian tech company just invested 140 million dollars and 400 jobs into Ireland instead of Canada because Ireland has lower taxes and fewer rules. Why did we lose this investment?”
“Mr. Speaker, as the G7 gets under way, the Prime Minister remains the only leader of a G7 or G20 economy that is in recession. The Prime Minister should travel, but Canadians expect results from that. When he was back home in Ireland this weekend, investment was leaving Canada. On Saturday, Open Text’s Waterloo-based AI company announced a $140-million investment in Ireland. That is 400 new jobs for Ireland. Ireland has lower taxes, less regulation and a better business environment. Why did this investment not get made in Canada?”
Mr. Speaker, as the G7 gets under way, the Prime Minister remains the only leader of a G7 or G20 economy that is in recession. The Prime Minister should travel, but Canadians expect results from that. When he was back home in Ireland this weekend, investment was leaving Canada. On Saturday, Open Text’s Waterloo-based AI company announced a $140-million investment in Ireland. That is 400 new jobs for Ireland. Ireland has lower taxes, less regulation and a better business environment. Why did this investment not get made in Canada?