The spectre of declining Canadian mining competitiveness and the prospect for significant exploration and mining investment dollars flowing offshore has reared its head, a new report by the Mining Association of Canada (MAC) has found.
“Very simply, Canada is not as attractive as it used to be for mineral investment, and competition for those dollars is growing globally. The recent elimination of federal mining tax incentives, regulatory delays and uncertainty, combined with major infrastructure deficits in northern Canada are all contributing factors that can explain Canada’s declining attractiveness,” MAC president and CEO Pierre Gratton stated in a press release Thursday.
