Canada’s mining jurisdictions no longer among 10 most attractive amid slew of scrapped resource projects

Global commodity investors are taking note as Canada grapples with cancelled projects and entrenched opposition to the development of its resources.

The top three most attractive global mining jurisdictions for investment this year were Western Australia, Finland and Nevada. Alaska, Portugal, Idaho, South Australia, Republic of Ireland, Arizona, and Sweden completed the top 10 list. Saskatchewan, Canada’s most investment friendly mining destination in this year’s survey, also saw investor unease amid policy changes.

“Drilling permits in B.C. take too long and are a great deterrent for investors,” said a company president quoted anonymously in the report. “There’s certainly industry gossip, but I think when you have that kind of investment it answers a lot of questions.”“While provincial and federal governments remain supportive of the mining industry in theory, regulatory complexity remains a burden and a barrier for investors,” said one unnamed analyst about Ontario.

Just another of Trudeau's legacy

There are only so many coding jobs these workers can transition into, and even then - someone in India (or Romania, or China, or South America...) will do it cheaper. 'Tech' is not the panacea the Left thinks it is. TrudeauIsNotFitForOffice Wexit BuffaloRepublic

Good thing tech, finance, and manufacturing are still going great and strong for investing. Guess it's time to re-vamp our economy a bit.

Add hydroelectric generation to that list of things Canada is no longer into.

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