Industry committee  Yes. In fact, as we just discussed, regulations are on the way, and they may extend or shorten that list—they will probably extend it. However, we already more or less have the tools we need under the current legislation. As I believe it was Dr. Burton was saying, it's a matter

Industry committee  It depends. In the case of the investment you just mentioned, if we're competing with the U.S. or other potential sites where Volkswagen might invest, we might want to keep certain things to ourselves as a state—whether it's Quebec or Canada—keep our cards close to our chest, if

Industry committee  Thank you, Mr. Chair. I prepared my speech in English, but obviously I will be pleased to answer any questions you may have in French, if you prefer. According to the OECD, scrutiny of foreign direct investment, or FDI, on security grounds, has picked up quite a bit since 2015,

Science and Research committee  Yes. To give you a very short-form answer, the answer is yes. Now, we also have to realize that here in Canada we're not a very large market. We don't have a history. We're still building our venture capital market. As I said, we have trouble attracting investment in general, ev

Science and Research committee  It's partly the risk-averse culture, I would say. I would say that clearly in Silicon Valley the financing aspect, the firm-growth aspect and the technology aspect blended together. If we don't have one, we won't have expertise in the other. I think we're still building in Canad

Science and Research committee  In principle, certainly, yes. I published research with my colleague Rosalie Wyonch a few years back that made the case that one of the things holding Canada back, relative to a number of our competitors—apart from some of the tools and instruments I mentioned—is that we're not

Science and Research committee  May I answer that question, Mr. Durand?

Science and Research committee  I apologize for interrupting. First, we have to be careful, because Canada’s economic activity is quite diverse. Ontario and Quebec, for example, would rank significantly higher if compared to other OECD countries. That’s something I wanted to clarify. Moreover, if it were feas

Science and Research committee  On that, I don't have the numbers here.

Science and Research committee  No, I don't have the numbers handy. We did do a study on what we have to do to get there.

Science and Research committee  Absolutely, yes. I think we've had an approach that was a little bit more of what I would call “spray and pray” in terms of funding research That's changing a bit, but it's almost that we fund the activity rather than paying attention to the outcome and how Canadians can benefit

Science and Research committee  I think the overarching comment I would have regarding all these countries is that they're really into commercializing ideas, and they're not necessarily their own ideas. They're ideas from all over the world. They have research labs elsewhere, including here in Canada, that prod

Science and Research committee  Yes. Here, I would refer to a recent publication of the institute: our shadow budget for 2023. On the idea of patent boxes, I think Mr. Durand referred to these as well. You essentially would get a tax benefit in using intellectual property to build a Canadian business. For w

Science and Research committee  Thank you, Chair. I'm Daniel Schwanen. I'm the vice-president of research at the C.D. Howe Institute. I thank you for the invitation to appear before this committee. Commercialization can be seen as the point where innovative ideas come to fruition to create or sustain economic

Industry committee  I agree. I think as Patrick mentioned, of course if the government has an investment in IP or in a company, absolutely they want to make sure it grows for the benefit and advantage of Canadians. That's why we're developing the ecosystem. Canada is really great at attracting talen