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Five Months in, Details On Canada’s New Innovation And Investment Agency Remain Sparse

August 31st 2022

What’s the feds’ plan? Only Dan Breznitz seems to know.

Delivering the budget speech in April, Deputy Prime Minister Chrystia Freeland asserted the Liberal government’s three pillars in its plan to reinvigorate the economy.

“These three pillars, Mr. Speaker—investing in people, investing in the green transition, and investing in innovation and productivity—will create jobs and prosperity today, and build a stronger economic future for our children,” Freeland declared.

Central to that third pillar is the creation of a new innovation and investment agency, which was also announced during Budget 2022. But August has come and gone and details about the agency are few and far between.

Since the budget announcement, the federal government has little to offer about what the agency will look like, its role, how it will work and, most importantly, whether it will work at all. Queries to the federal government only elicit vague statements about why the new agency is needed, but yield nothing concrete about its potential workings.

In fact, only one individual seems to be empowered to address the future of the agency, and that’s a government outsider currently on contract with the federal government: Dan Breznitz.

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