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Catherine Swift, President of the Coalition of Concerned Manufacturers and Businesses of Canada, joins Stephen LeDrew to deliver a blunt assessment of the crisis facing Canada’s small and medium manufacturers. She explains why businesses are closing, shrinking, or fleeing to the United States - and why it’s not a global problem but a uniquely Canadian failure.
Swift contrasts Canada’s 5% decline in real manufacturing output since 2018 with a 10% increase in the U.S. over the same period, and argues that endless regulations, crushing taxes, and government-driven bureaucracy have created an economy where private-sector growth is nearly impossible. She also questions Mark Carney’s leadership, noting that despite promises of bold action, nothing meaningful has happened - except more spending and more government control.
From stalled pipelines to disappearing innovation to the drain of investment south of the border, Swift breaks down what’s really happening - and what Canada must do if it wants to rebuild a viable manufacturing base: cut taxes, shrink government, eliminate suffocating regulations, and let businesses actually conduct business.
A must-watch for anyone concerned about Canada’s economic future.
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