The Globe and Mail reports in its Thursday edition that for 48 hours in Toronto, one message kept getting repeated at the investment summit: Canada is back. The Globe's Tim Kiladze writes, however, that sourcing capital hasn't been Canada's problem. Realistically, beyond regulatory burden and tax incentives, there are some things a government can't control, and some crucial ones have affected Canada over the years. The first on that list: commodity prices. Since Prime Minister Mark Carney was elected in 2025, he has touted Canada's strength as a resource nation. Oil. Gas. Copper. Uranium. Canada's got it all. "Despite Canada's recent abysmal investment performance, it has a history of capital spending booms lasting up to a decade, largely tied to its resource sector," TD Bank economists said in a recent report. But what got glossed over at the summit is that commodity prices have repeatedly crashed, and when they do, it scares away investors and creates capital droughts. If commodity prices tumble again like they did when the mining supercycle crashed in 2012 or when oil prices plummeted in 2014, it will be tough to attract capital no matter how many regulations Canada relaxes or how many tax incentives it rolls out.