Flagship federal innovation fund awards hundreds of millions to past recipients

    Prime Minister Justin Trudeau announces almost $440 million from the federal government’s Strategic Innovation Fund for CAE, Bell Textron Canada and Pratt & Whitney Canada in Montreal in July 2021. Andrej Ivanov/AFP via Getty Images

    In the run-up to the federal election campaign this summer, the Liberal government gave out more than a billion dollars from its flagship innovation-funding program. Much of that money, however, will go to firms that had already been awarded money through the program. It’s a pattern that has some policy experts worried Ottawa is using the Strategic Innovation Fund to prop up troubled sectors.

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