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Canada in "investment crisis" business leaders say

The Business Council of Canada says Canada is in an "investment crisis" but warns prosperity can't be achieved by taking on more debt.

In a letter to Prime Minister Mark Carney, the council's president and CEO Goldy Hyder said if the federal government intends on financing investment by incurring more debt, then it better have a plan to bring it down.

"We recognize the difficult starting point and the need for upfront investments, but that should be underwritten by meaningful year-over-year reductions in the absolute deficit," Hyder wrote, saying at the very least the government should halve this year’s deficit within three years.

The council's s

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