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Decentralized Democracy

House Hansard - 311

44th Parl. 1st Sess.
May 8, 2024 02:00PM
Context: House Hansard - 311 - May/8/24
Mr. Tako Van Popta (Langley—Aldergrove, CPC)
  • May/8/24 4:49:13 p.m.
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Mr. Speaker, I would point out that, with Canada's very high real estate costs, many of our investment dollars are going into real estate. One economist called it a “black hole” for investment. That money could otherwise be going to much more productive industrial use. I believe this is what Canada is lacking: investment in technology and industries that are really going to grow our economy. That is one reason our productivity rate is so much below the rates of other competing nations and, in particular, the United States, our closest trading partner.
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