I served eight and a half years as a vice-president for research at another great Canadian university, and I know a lot about it. I'd just say that even when there is a big commercial breakthrough, it's rare, and you can't drive an economy on it.
I think our greatest transfer is the quality of our graduates, who learn in a research-intensive environment and take their ability to work with technology, to use new knowledge, and to create it out into whatever field they work in subsequently. That's the greatest form of dissemination.
That being said, we should optimize dissemination into the commercial realm wherever we can, and we have further to go than what we're doing currently.