Canada risks becoming a banana republic for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. (Bloomberg) — Canada risks becoming a “banana republic” for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. “We have had basically signs on our energy industry that Canada is closed for business,” Geeta Sankappanavar, co-founder of Grafton Asset Management, said Thursday at the Bloomberg Canadian Capital Markets conference in London. “Today we are in danger of becoming unfortunately a little bit like a banana republic on the energy side.” Sankappanavar, who says her firm has raised and deployed C$1 billion ($760 million) in the Alberta oil patch, blamed carbon taxes, falling oil prices and increased regulatory scrutiny under new federal government rules for contributing to what she calls an “awful” malaise in […]