Economy and Public Investment

resource sector: Digging into the GDP numbers confirms that it is not just the oilsands economy that is in trouble, according to The Toronto Star. There appears to have been very little new investment in new machinery and equipment in manufacturing outside the resource sector, and non resource exports have done badly. The appropriate federal government policy response is to boost both private and public investment. One particularly disturbing statistic is that business investment in intellectual property fell by 5 per cent in the first quarter and by another 4.6 per cent in the second quarter. As Conservative Leader Stephen Harper has been quick to point out, the service sector which now accounts for most of the economy has continued to grow. This is a key metric of the very limited extent to which our economy is making the necessary transition towards the production of knowledge — intensive goods and services. (news.financializer.com). As reported in the news.