The Hon. Perrin Beatty, Chateau Laurier, Ottawa.
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The Hon. Perrin Beatty, CUSBA Luncheon, Detroit.
The Hon. Perrin Beatty, Atlanta, Georgia.
The Hon. Perrin Beatty to the National Cross-Sector Forum.
Canada is a country of vast resource wealth, ingenuity and know-how. As President of the Canadian Chamber of Commerce, I am delighted every day to learn of a new product, patent, invention, or innovation. Sadly, I am also reminded every day of the significant gap that remains between our commercial aspirations and the capital required to nurture and fuel those aspirations.
To be sure, Canada has many great sources of investment, from our large pension funds to gutsy risk capital boutiques. However, just as any investor must diversify his or her investments, so must these institutions. To cite but one example, the Canada Pension Plan Investment Board has announced investments in real estate in London and New York, and in toll highways in Australia. Just as Canadian capital must find returns all over the globe, so do strategic buyers all over the globe find opportunities in Canada.