Productivity and innovation actions are a decade too late

If we fail to act with a sense of urgency, we could end up as the poor attic of North America.
Minister of Innovation, Science and Industry François-Philippe Champagne speaks with reporters before the Liberal cabinet meeting in West Block on Feb. 6, 2024.
Innovation Minister François-Philippe Champagne. Canada needs to approach innovation and productivity from a much better base starting with a better institutional framework for policymaking and performance review, writes David Crane.

TORONTO—At a recent off-the-record lunch, I heard the leader of an important financial services company declare that Canada was on the verge of an economic crisis because of our dismal performance in innovation-led productivity.  

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