Policy Magazine: Canada’s Nobel Moment and Budget 2026: Inspiring an Innovation Agenda
Kevin Page with Adam Parwana and Hao Tian Shen argue that with Canada’s productivity stagnating and its innovation ranking slipping, the Carney government must use the lead-up to Budget 2026 to rethink and overhaul the country’s innovation strategy. Drawing on Nobel laureate Peter Howitt’s work on growth through creative destruction, they emphasize that sustained economic progress requires institutions and investments that enable disruptive innovation, stronger R&D spending, and better commercialization. Canada needs a comprehensive review of its fragmented and outdated innovation programs, along with a strategic reallocation of resources toward research, skills, and technology to remain competitive in a rapidly changing global economy, they write.
