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Canada’s COVID-19 response still ignores the innovative companies that could power a recovery

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There’s a race. There’s a new currency, so to speak. It’s technology

Suzanne Grant, Canadian Advanced Technology Alliance

Restaurants and retailers come and go even in good times. Tech companies were driving employment growth before the crisis, and they will determine the speed of the recovery as the economy continues to go digital and governments and corporations heavily spend on replacements for carbon-based energy. At least that’s how Germany sees it.

Morneau, though, has struggled to satisfy technology firms, which have been regularly disappointed by having to meet criteria for aid that too often are designed for the way things were done in the old economy, not the new one.

“It’s good, but I don’t think it’s good enough,” Grant said of the government’s efforts to shield smaller technology companies. “I don’t think we are valuing what they can do for our future. The world is shifting and it’s competitive. There’s a race. There’s a new currency, so to speak. It’s technology.”

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