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Canada’s success in commercialization of new ideas and scaling up of our most promising young companies matters, writes David Crane. Photograph courtesy of Pexels

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Balsillie panel points us in right direction, but much more will be needed

TORONTO—In a dire warning, the National Institute on Aging in a new study forecasts that the cost of public care just in nursing homes and private homes alone could more than triple from $22-billion now to $71-billion annually by 2050 (in 2019 dollars), equivalent to 19 per cent of personal income tax revenues in 2050 compared to nine per cent now.

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