The Globe and Mail reports in its Saturday edition that in his keynote speech at the Canada Investment Summit last month, Mr. Carney outlined what he called the "productivity mega deduction," which will allow companies to immediately write off the cost of a wide range of new capital investments. The Globe's Mark Rendell and James Bradshaw write that the proposal has corporate Canada buzzing, but there's a belief among tax experts that Ottawa needs to go further if it's going to reverse decades of underinvestment. The Liberals were re-elected in 2025 promising an "expert review of the corporate tax system." Almost 18 months on, the country is still waiting. The mega deduction stops short of the deeper reforms undertaken by governments in the 1980s and 2000s. "We face burdens that other countries don't," said TD Bank senior economist Francis Fong. The trade war with the U.S. is eroding one of Canada's key selling points: proximity and access to the world's biggest market. And the country has a burdensome regulatory environment, fragmented internal market and underdeveloped trade infrastructure. "With all these headwinds ... we really do have to set ourselves apart and be better and be more competitive," Mr. Fong said.