The Globe and Mail reports in its Saturday edition that National Bank of Canada chief executive officer Laurent Ferreira is urging Ottawa to remove regulatory barriers that hurt productivity and quality of life. The Globe's Stefanie Marotta writes that on Friday, Mr. Ferreira said the federal government must incentivize investment within Canada. He added that the capital-gains tax increase announced in the federal budget threatens to be a further drag on investment, innovation and wealth creation. Mr. Ferreira said: "Starting up a business, you're going to think twice about where you're going to set yourself up. ... It's not positive for investments in Canada and that goes back to productivity. ... We need to reduce tax burdens for small and medium enterprises in Canada. The most important thing is to provide the right environment to attract talent and capital." In the budget, the federal government outlined new rules on capital gains, requiring some businesses and individuals to pay tax on two-thirds of their capital-gains earnings, climbing from one-half, when they sell assets, including stocks and property. The change would dampen profits while Canadians are already dealing with higher borrowing costs and expenses.