The Globe and Mail reports in its Wednesday edition that Canada boasts rich natural resources, a highly educated work force, a healthy spirit of innovation and entrepreneurship, political peace, and stability. Guest columnist and TMX chief executive officer John McKenzie writes that we still cannot seem to combine them into a recipe for success. Recent economic indicators are far from inspiring: Canada's gross domestic product growth for most of last year was barely positive, narrowly avoiding "technical recession" rates, and labour productivity has declined for six consecutive quarters. To turn these numbers around, we need to take immediate action to unlock the flow of investment capital into our country. Canada has the best capital markets in the world: fair and liquid, deep and diverse, and continuously evolving. However, we have fallen short in attracting levels of investment sufficient to fund economic growth and maintain a competitive edge on the global stage. Investment hates friction and loves certainty: Money will flow down the path of least resistance and where risk can be best mitigated. In Canada, our policy and regulatory environment is creating too much friction and providing too little certainty.