The Globe and Mail reports in its Saturday edition that in March, 2024, the Bank of Canada warned that the economy was struggling, with productivity lagging behind G7 peers and threatening the standard of living. The Globe's Tim Kiladze writes that business leaders blamed the Liberals for the crisis. However, BOC senior deputy governor Carolyn Rogers noted the primary issue was low business investment in machinery, equipment and intellectual property. With Mark Carney now Prime Minister, business leaders are still calling for government changes while overlooking their role in the problem. Without more private investment, improving Canada's economy will remain challenging. CIBC economist Benjamin Tal says, "Every year we wait and pray for business investment to rise, and it's not happening." Businesses often criticize Canada's red tape. While this bureaucracy exists, some business leaders use it as an excuse. They claim Canada cannot compete with the U.S. due to lower corporate taxes under President Donald Trump, but in many U.S. states, corporate tax rates are similar when considering all levels of government. Ultimately, the effective tax rate, which includes credits for research and exploration, is what truly matters.