Regardless of your opinion on O'Leary, he is completely right in this instance. Denying this would indicate a fundamental lack of understanding of the investment market.
I understand that the NDP was elected based on a promise to raise corporate taxes and review royalties, but the prudent thing to do would've been to shelve the increase and rule out any change in royalty regime for the short to medium term. Raising corporate taxes during a recession amid massive rounds of layoffs sends a terrible signal to investors.
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