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Special Report

What the Liberals’ re-election means for the innovation economy

OTTAWA — Justin Trudeau’s Liberals will return to Ottawa with another minority government, after a 36-day contest for the right to lead the Canadian public and economy out of the pandemic.    

Startup and scale-up executives, business groups and policy experts say ideas to grow the economy and incentivize innovation have been in short supply this election. In recent years, Ottawa has been “very, very light” on strategy to support digital firms, said Allen Lau, CEO of Toronto-headquartered self-publishing platform Wattpad. “In this campaign, it’s [been] a little bit disappointing [on] the innovation front.”

The victorious Liberals have promised to move forward with major funding for AI, cleantech and biotech, and to implement their existing plans to regulate Big Tech. Here’s what you should expect from the returned government.

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