RE:Beaver Wealth 3.5 Investing in Tomorrow's Technology
With the best-educated workforce on earth, world-class academic and research institutions, and robust start-up ecosystems across the country, Canada's economy is fast becoming a global technology leader – building on its strengths in areas like artificial intelligence. Canada is already home to some of the top markets for high-tech careers in North America, including the three fastest growing markets between 2016 and 2021: Vancouver, Toronto, and Quebec City.
However, more can be done to help the Canadian economy reach its full potential. Reversing a longstanding trend of underinvestment in research and development by Canadian business is essential our long-term economic growth.
Budget 2023 proposes new measures to encourage business innovation in Canada, as well as new investments in college research and the forestry industry that will help to build a stronger and more innovative Canadian economy.
Attracting High-Tech Investment to Canada
In recent months, Canada has attracted several new digital and high-tech projects that will support our innovative economy