Canada was once a leader in privacy protection, but unfortunately, that is no longer the case. Many countries, not only in Europe, but also in South America and Asia, such as South Korea and Singapore, are very innovative. They have laws that protect privacy better than Canada's. Again, I think it's important that the bill, which could be passed by the House in the coming months, allow Canada to catch up with other countries, which have managed to innovate, in terms of economics.
It is often said that overly stringent privacy protections inhibit innovation. Germany, South Korea, Singapore, and several other countries demonstrate very clearly that it is possible to have laws that protect privacy very well and also enable innovative economies. In fact, I would argue that better privacy laws increase consumer confidence, which is a factor that helps to stimulate a country's economy. I definitely see a connection between privacy, confidence and economic growth.