Matthew Chiasson’s Post

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Senior Policy Advisor at Competition Bureau

#ICYMI: Another catch-up item from my summer reading frenzy, the Conference Board's 2024 Innovation Report Card. Highlights pro-competitive policy reform as one of the "pivotal areas of opportunity" to drive greater innovation and investment in Canada. 💡 "Canada has experienced 𝐚 𝐬𝐡𝐚𝐫𝐩 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐧 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑&𝐃 over the past 20 years. Neither the Canadian government nor businesses have been able to reverse this trend. This is likely due to multiple, interdependent factors such as 𝗹𝗮𝗰𝗸 𝗼𝗳 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻; industry composition; lack of investment capital; current mix of government programs; complacency; and risk aversion." 💡 "To create the conditions to turn the corner (...) 5. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧: Adopt 𝐧𝐞𝐰 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐥𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐨𝐧 to inject a competitive spirit within the business ecosystem for new entrants 𝐚𝐧𝐝 𝐨𝐩𝐞𝐧 𝐮𝐩 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐭𝐨 𝐝𝐫𝐢𝐯𝐞 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧." Nice to see that they have relaunched this publication after taking a pause for a few years! Link: https://lnkd.in/dWwg_BNT

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