OTTAWA – A devastating new RBC report has laid bare the catastrophic cost of the Liberal Party’s decade in power: Canada lost a staggering $1 trillion in investment between 2015 and 2024. While peer nations surged ahead, Canada’s investment line plunged off a cliff — the clearest evidence yet of how carbon taxes, regulatory suffocation, and anti-resource policies drove capital fleeing south of the border and beyond.
Key Findings on the $1 Trillion Loss
- Between 2015 and 2024, Canada experienced a net outflow of more than $1 trillion in investment — described as “the largest capital exodus in Canadian history” and “the most significant capital exodus in modern Canadian history.”
- For every $1 of inward foreign direct investment (FDI), $2 exited the country.
- Canada accounted for nearly 10% of global outward foreign direct investment over the decade — exporting more capital than any country except the U.S. and China.
This contributed to:
- Extremely weak GDP per capita growth — under 1% annually, the worst stretch since the Great Depression.
- Canada ranking last among G7 nations in investment in machinery & equipment (M&E) and intellectual property (IP).
- Only about 30% of Canadian capital formation going into productivity-enhancing categories (roughly half the U.S. share).
The numbers don’t lie. Productivity stalled, wages stagnated, and ordinary Canadians paid the price through higher costs and fewer opportunities. Alberta’s energy sector, once a national economic engine, was particularly hammered by policies that prioritized ideology over jobs and growth.
