Thank you, Mr. Chair.
Thank you both for being here. I have a number of questions, mainly focused around innovation, because it seems to be very woven throughout this.
The report describes innovation as the “secret sauce”. I'm quoting it directly. “Innovation” is a word that's thrown out a lot. We recognize it, but what does it mean? What are the things we focus on? I recognize that throughout the report you have those pillars and those recommendations, but for the average Canadian, if they are saying innovation is really where this country needs to go, we need to be much better.
You provide a lot of statistics, especially in comparison to the U.S. How would you properly describe innovation, or what would be the best way for Canadians and firms to start looking at how they innovate compared to what they might be doing now? I don't know if there is a simple way to describe that.