We are underperformers when it comes to turning our smart and clever startup companies into much larger scaled-up companies that can generate future jobs, exports, and the tax revenues that come from business success.
Critics of supply management forget that other countries include costly taxpayer subsidies to dairy farmers instead, writes David Crane.
iIf we were growing our foreign debt to finance productive investments for the future, that would be fine. But we are growing our foreign debt to finance our current consumption.
Canadaâ€™s takeover of the Trans Mountain pipeline for $4.5-billion, with another estimated $7.5-billion or more needed to twin the pipeline, is a dubious initiative for several reasons. But it showed Canada can act when it has to. Imagine if a similar amount of money had been available to really build up our own tech sector. The benefits would have been much greater. Instead, we have R&D branch plants.
We can make big gains in healthy aging and in the use of technology to improve the lives of older Canadians. But we cannot gloss over the huge challenges ahead.
They hope that they can garner votes by opposing any increase in prices at the gas pump from carbon pricing, though they have no objection if oil companies raise prices.
Persuading and enabling more Canadians to work, and to work longer, is also important, since this would boost labour supply, which also matters in raising the potential growth rate.
Thereâ€™s no question the Trudeau government has opened the spending taps. While the Trudeau governmentâ€™s initiatives are certain to have some positive benefit for Canadaâ€™s innovation capacity, that they will go far in closing our innovation gap with the worldâ€™s leading innovation nations is another question.