The recent Speech from the Throne enunciated an overarching priority: to build the strongest economy in the G7. We believe Canada is facing a once-in-a-generation opportunity to do that. But the focus must be broader than projects—or rather, by “projects” we should mean more than infrastructure projects, broadening our vision to include focused nation-building efforts to drive lasting prosperity in the technologies and sectors of the future.
Released jointly by the Transition Accelerator and the Commission on Carbon Competitiveness (C3), this report offers a new strategic approach to address long-standing problems of under-performance on productivity and innovation, and foster enduring prosperity through Canada-based growth opportunities. Its recommendations apply to novel sectors such as mass timber and EV battery supply chains, as well as to legacy sectors such as steel and cement.
While the scope is industrial policy generally, it is clear that many of the most important growth opportunities involve claiming a share of the burgeoning global low-carbon markets of the future. With the US abandoning pursuit of those markets, now is an opportune time for Canada to step up as a stable destination for investment in our abundant resources and innovative clean technologies.
