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Innovation in Canada: An Assessment of Recent Experience

Canadian innovation falling behind U.S. and other developed countries, despite billions in government programs


Canadian innovation falling behind U.S. and other developed countries, despite billions in government programs VANCOUVER—Canada’s innovation performance has declined in recent years and is falling further behind the U.S. and other developed countries, despite decades of costly innovation programs by successive federal governments, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. In fact, the current federal government allocated a staggering $8.2 billion to various innovation programs in its 2017 budget to encourage venture capital investment and create innovation superclusters, among other things.
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