News

Federal innovation department left $760 million unspent last fiscal year

Innovation Minister Navdeep Bains at a press conference on broadband internet in Ottawa in November 2020. The Canadian Press/Sean Kilpatrick
article-aa

The federal innovation department did not spend about a quarter of the just over $3 billion it was authorized to spend in the 2019–20 fiscal year, according to new disclosures. More than half the shortfall consisted of deferred payouts to firms awarded funding by Ottawa’s flagship business-support and broadband-access programs.

Innovation, Science and Economic Development Canada (ISED) said almost all the unspent money will be moved to future years, mostly at the request of its intended private-sector recipients. But it’s not the first time the department has fallen short of its plans, and opposition party critics say they’re troubled by what appears to be a pattern.

Purchase a subscription to read the full article.

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?