By Philip Cross,William Watson

Copyright financialpost

Exports have already begun to recover. Most remain duty-free — for now — because they comply with the terms of the CUSMA trade deal. What’s much more menacing is the renewed weakness in Canada’s business investment, even as such investment surges State-side. Business spending on machinery and equipment was down fully 9.4 per cent in the second quarter. Slow growth — or even a reduction — in our capital stock imperils our long-term growth.