Investment mangers worried about brain drain and productivity, says Fraser Institute

According to the report – 94%
of the investment managers
surveyed by the conservative
think-tank said that the so-called
“brain drain” is a pressing
problem in Canada. Poor
productivity grabbed the attention
of 77%.

Not surprisingly, the money
managers would like to see tax
cuts to alleviate the problems,
primarily on capital gains and
personal income. They’d also
like to see some relief in general
capital and corporate income
taxes. Fully 91% said that
taxation is the most important
issue facing the government.

The question of a common
currency received a marginal
thumbs down from the investment
managers – 51% against the idea.
Among those who would go for it,
simply adopting the U.S. greenback
was the most popular option – 23%,
followed by the creation of a new
currency – 20%. Only 3% would like
to see a currency board founded.

97% of the managers gave the
Bank of Canada a thumbs up on its
performance, while Finance minister
Paul Martin’s rating dipped to
69% from 77% in the summer.