Canada’s living off past capital, not investing boldly in the future

Although Canada pioneered fuel cell buses, there is not a single fuel cell bus operating in Canada today. All the action is in Europe and China and, to a lesser extent, the U.S.

Finance Minister Bill Morneau, pictured in Ottawa. This is the key point about our economic future. We have to be strategic and advance those areas where we can build on existing strengths by creating markets in Canada to demonstrate and scale Canadian potential, and help build the new industries and jobs for a sustainable economic future, writes David Crane. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

March 4, 2019

TORONTO—We like to think of Canada as a rich country. But we are not as rich as we think—Ontario’s per capita GDP, for example, lags far behind states like California and New York, and in fact behind most U.S. states. A big reason is that we are living off past capital, not investing boldly in...

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