Loss of dynamism a big problem for Canada

The fact that the Bank of Canada sees the enormous market power exercised by Big Tech as a potentially negative threat to innovation and economic growth, should be a serious concern. It’s time that the government took the issue seriously.

Economic Development Minister Navdeep Bains says we don’t need any new studies on innovation policy. Clearly he is wrong, as the Bank of Canada is telling us, writes David Crane. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

February 19, 2018

TORONTO—At first glance, it may sound like a crazy idea. But are the Big Tech companies—Amazon, Apple, Alphabet-Google, Facebook, and others—the reason for the declining rate of entrepreneurship and the related loss of dynamism in our economy? This loss of dynamism is a big problem for Canada...

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