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Stock impact report

Fast-tracking certain major projects is necessary, but not enough to drive investment: report [Yahoo! Finance Canada]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
for investment, according to a new report released by the Business Council of Alberta. The report, released Monday, argues that the Carney government's move to expedite certain nation-building projects through a Major Projects Office was a necessary step — but one that fails to solve the regulatory challenges facing others. “Canada isn't losing investment; we're regulating it away,” said Adam Legge, president of the business council. “Our regulatory and project approval system has become the single-biggest barrier to attracting capital. “The solutions are clear. We need faster and more certain timelines, removal of duplication, and predictable decision-making. If Canada is serious about growth and getting major projects built, the time to act is now.” The report noted that business investment per worker in Canada has fallen by almost 11 per cent in the last decade, while in the United States it has grown by about 45 per cent over the same period. It points the finger at fede Show less Read more
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