The political world may have been focused last week on crises at the Senate and the Toronto mayor’s office, but a new report from the government’s Science, Technology and Innovation Council quietly pointed to a serious, emerging economic crisis. The STIC reported that Canada’s research and development performance is lagging behind the world’s leading economies, continuing a disturbing decade-long decline.
My weekly technology law column (Toronto Star version, homepage version) notes the STIC report is the third produced since 2008, but the first to sound an unmistakable alarm on worrying trends that could have dire long-term consequences for the Canadian economy. Simply put, based on the latest data, Canada cannot be regarded as a serious player when it comes to innovation.
