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Member of the National Security and Intelligence Committee of Parliamentarians

Don Davies

  • Member of Parliament
  • Member of the National Security and Intelligence Committee of Parliamentarians
  • NDP
  • Vancouver Kingsway
  • British Columbia
  • Voting Attendance: 58%
  • Expenses Last Quarter: $153,893.57

  • Government Page
Context: House Hansard - 304 - Apr/29/24
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Apr/29/24 1:06:54 p.m.
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Mr. Speaker, spending on machinery and equipment by businesses in Canada, and on research, development and innovation, has been falling as a share of GDP in Canada for many decades, in fact dating back to the large corporate tax cuts that Paul Martin introduced at the turn of the century. To compare us to the United States, in 2014, investment support per worker in the U.S. was $20,700, and it was $14,400 in Canada. In 2023, the U.S. spending per worker rose to $27,800, and it is only $14,500 in this country. It has gone up $100 in about 10 years. I am wondering whether my hon. colleague would agree with me and the NDP that we need to find ways to have the business sector in this country invest more in machinery and equipment and in technology and innovation, and whether he has any ideas to share with the House as to how we could do that to better support workers and, by doing so, improve Canada's economy.
176 words
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