Philip Cross: Federal budget 2022 shows Ottawa still doesn’t understand innovation

The federal budget epitomizes the government’s complete lack of self-awareness about its failure to understand why innovation in Canada has lagged for years. The chapter on innovation and the economy begins by observing “Canada has everything we need to thrive,” with high levels of education, world-class research, abundant energy, and free-trade access to the entire G7 and the EU. Yet it acknowledges sub-par productivity and innovation are the “Achilles heel of the Canadian economy.” Read More