Innovation and the Budget

Jim Flaherty said earlier in the week that this was going to be a budget focused on spurring innovation. We hear from some innovative thinkers to discuss whether he's done that.

Part Two of The Current

Innovation and the Budget - Interview Panel

The Finance Minister said earlier this week that his new budget would spur Canadian innovation. Today we know a little more about how Jim Flaherty believes that will work.

Canada has relied on a complex system of tax credits to encourage research and development. Ottawa is now going to try targeting specific types of innovation and spend more than one billion dollars over the next five years to help make Canada more competitive.

To discuss whether the federal government has hit the mark, we heard four perspectives. Our first guest was Peter Nicholson who was a deputy chief of staff to former prime minister Paul Martin. He was in Austin, Texas this morning.

Our next guest is Todd Hirsch. He's a senior economist at ATB Financial and the co-author of The Boiling Frog Dilemma: Saving Canada from Economic Decline, and he was in Calgary.

Tonya Surman is the executive director of the Centre for Social Innovation. She was in our Toronto studio.

And to round out our conversation, on the phone from Miami, Florida, is Richard Florida, a Professor at Rotman School of Management at the University of Toronto.

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This segment was produced by CBC Network Producer Neil Morrison and The Current's Kathleen Goldhar.

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