Canada’s future lies in the innovation-powered knowledge economy. Indeed, the nation’s leaders are well aware of the need for new ideas and approaches to meet the nation’s looming innovation, productivity and prosperity challenges.
The Trudeau government has made a clear commitment to shifting Canada from its resource-dependent past to a more knowledge-driven future by setting an innovation agenda dedicated to increased infrastructure funding. Ontario has even created a blue-ribbon commission, headed by former TD Bank CEO Ed Clark, to spark the development of its knowledge economy. Across all levels of government, there is a virtually unprecedented degree of alignment at a crucial time for economic policy-making.
Image: A McMaster University student handles electrical connections as a team of students worked to modifying a regular-engine Camaro into a hybrid for the EcoCar 3 Advanced Vehicle Technology competition, earlier this year. The most effective strategy to bolster our knowledge economy, write Richard Florida and Greg Spencer, "is to deepen the innovation and knowledge component of all industries, from engineering and technology to agriculture, service, and manufacturing." (PETER POWER / FOR THE TORONTO STAR)
