Fintech caught in grey zone, stakeholders say, as feds study Bank Act
As Finance Canada is in the midst of its review of the Bank Act, observers are saying the rules need to better accommodate the emerging financial technology sector—known as “fintech”—and bring banking regulations into the digital age so that Canada can catch up to its international peers. “Things in fintech are moving in weeks and […]
Canada jeopardizing U.S. relations, trade deals by favouring Chinese takeovers
Encouraging free trade is a cornerstone of the Conservative Party’s foreign affairs strategy. Gaining access to new markets in a mutually beneficial manner facilitates the dissemination of Canadian innovation, while creating jobs and a strong economy for Canadians. However, this enthusiasm to engage does not extend to state-owned enterprises, especially when it comes at the […]
Innovation facts and figures
Bloomberg 2018 Innovation Index 2018 rank 2017 rank Year over year change Economy Total score 1 1 0 S. Korea 89.28 2 2 0 Sweden 84.70 3 6 +3 Singapore 83.05 4 3 -1 Germany 82.53 5 4 -1 Switzerland 82.34 6 7 +1 Japan 81.91 7 5 -2 Finland 81.46 8 8 0 […]
Feds must step up support for innovation in Canada’s auto industry
Since the inception of the automotive industry in Canada, automakers and automotive part suppliers have become global leaders in innovation. Especially following the financial crisis of 2008 and with ongoing NAFTA negotiations, it is clear that our government needs to step up its support of the automotive industry in Canada. Other countries have strategies to grow […]
Liberals making investments to help Canadians seize opportunities created by technology: Bains
The expansive portfolio handed to Innovation, Science, and Economic Development Minister Navdeep Bains has already earned him the moniker the “minister of everything.” After all, the Mississauga, Ont., MP is tasked with not only shepherding the government’s all-important economic development agenda, but also helping domestic businesses become more innovative, an elusive task that seemingly boils […]
Government should prepare now for automation economy, even if layoffs aren’t imminent, say experts
Despite mixed opinions from experts as to how soon automation will lead to significant layoffs, both proponents of new technologies in industry and those more apprehensive to their adoption say it’s better for the federal government to ready Canada for potential job losses and a disrupted economy with policy sooner rather than later. “We have this […]
Innovation procurement programs looking to lure home-grown products
Yad Garcha, CEO of Bionic Power, understands why most small business owners are wary of doing business with the federal government, calling the process bureaucratic, but for him government procurement was always the end goal. The Vancouver-based Bionic Power was recently awarded a contract for $1.1-million for its Knee Based Energy Harvester through the Build in […]
Stopping online piracy is not censorship
The Canadian Radio-television and Telecommunications Commission (CRTC) is considering a proposal to block Canadians from accessing websites that “blatantly, overwhelming, or structurally engage in piracy.” The proposal expands on successful efforts in other countries to address the growing problem of online piracy, while imposing extraordinary safeguards to protect users’ digital rights. In short, it is a balanced […]
Use technology, take risks to advance Canadian health care, say innovators
It all started when the two of us sat down over a cup of coffee. As a family physician and endocrinologist, we stand on opposite sides of a large chasm called patient wait times, and we both started seeing more and more of our patients getting swallowed up by this abyss. In her role as […]
Expect Liberal budget to focus on science, women’s role in economy
OTTAWA—Thomas Mulcair got it right a few years back when, commenting on the approach of Stephen Harper’s government to the role of science in policy development, he said the Conservatives relied on “decision-based fact-making.” But, unfortunately for the NDP, it was Justin Trudeau’s Liberals who managed to capitalize in the 2015 election on a commitment […]
