OTTAWA—From the moment that the Liberal government renamed Industry Canada to Innovation, Science, and Economic Development it sent a clear signal that innovation is a top policy priority. Indeed, in recent months Innovation Minister Navdeep Bains has repeatedly called for bold policies focused on addressing Canada’s dismal innovation record. While the specifics of the Canadian innovation policy have yet to be revealed, a recent Australian government backed study provides a potential roadmap. The Australian Productivity Commission, which functions
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