Jim Prentice is shown during an interview in Ottawa on November 19, 2012. THE CANADIAN PRESS/Fred Chartrand
December 13, 2013 - 11:49 AM
OTTAWA - CIBC senior executive Jim Prentice says he is still concerned Canada is sending the wrong message on foreign investment.
The former Harper government minister says he expects 2014 to be a better year for the oilpatch after a difficult 2013.
However, Prentice says the government's refusal to permit state-owned enterprises to invest in Canada's energy sector isn't helping.
He says most of the largest international energy firms that might want to invest in Canada are state-owned, which means Canada is cutting itself off from a big part of the sector.
Alberta Finance Minister Doug Horner agrees and says he intends to raise the issue at a meeting of finance ministers that gets underway Sunday.
Prentice says he sees hopeful signs that some of the objections against building a pipeline to the West Coast are being addressed.
News from © The Canadian Press, 2013