Fallout from Silicon Valley Bank with Peter Hall
What does the collapse of Silicon Valley Bank in California mean for Canada? In episode five of the C.D. Howe Institute Podcast, Elevate Export Finance’s Peter Hall tells host Michael Hainsworth that SVB can learn a lot from our financial expertise, and that Canadian banks may benefit from the need for capital in Silicon Valley.
Jeremy M. Kronick – Five Policies to Scale our SMEs
From: Jeremy M. Kronick To: Canada’s Governments Date: March 20, 2023 Re: Five Policies to Scale our SMEs These days, it often feels like we don’t agree on much. But higher income growth is one thing all Canadians should be able to support. One way to achieve this growth is to see young businesses grow into large ones. While […] Glen Hodgson – How Should Canada Respond to the US Inflation Reduction Act?
From: Glen Hodgson To: Canadians Interested in Economic Competitiveness Date: January 31, 2023 Re: How Should Canada Respond to the US Inflation Reduction Act? The reality of climate change and the imperative to reduce GHG emissions is now being addressed by policymakers in many countries, most notably in new comprehensive US legislation. The Inflation Reduction Act […] Sabrina T. Howell – Evidence on SME Financing from the Cutting Edge of Economic Research
To: Canadian Innovation Policymakers From: Sabrina T. Howell Date: January 16, 2023 Re: Evidence on SME Financing from the Cutting Edge of Economic Research Governments around the world have numerous programs to provide funding for small and medium-sized enterprises. There are some important lessons they can draw from recent US economic research. The US Small […] Reshoring is a poor long-term strategy for sustainable growth – The Hub Op-Ed
On November 22, 2022, as part of the Ontario Chamber of Commerce’s Ontario Economic Summit, The Hub’s executive director Rudyard Griffiths moderated a “Munk-style” debate involving Globe and Mail columnist Andrew Coyne, C.D. Howe Institute CEO Bill Robson, former Ontario Cabinet minister Sandra Pupatello, and The Hub’s own editor-at-large Sean Speer. The debate’s resolution read: Be It Resolved: Ontario Needs Reshoring as Part of Its Growth Agenda. Pupatello and Speer argued in favour of the motion. Coyne and Robson against it.
Thanks to the organizers for inviting us here to debate this very important question. Our worthy opponents, Sandra and Sean, make a very valiant case in favour of reshoring as part of Ontario’s growth…
S4 E16: SME Challenges with Michael Denham
Canada’s small and medium-size enterprises (SMEs) face numerous challenges to scaling-up to compete on the world stage. There are ways to remove those barriers to financing and deepen capital markets. Michael Denham, National Bank of Canada’s Vice Chair of Commercial and Financial Markets, tells C.D. Howe Institute Podcast Host Michael Hainsworth that there are three key hurdles to overcome.
Kronick, Bafale – Unpacking Canada’s Persistent SME Growth Problem
To: Canada’s Policymakers From: Jeremy M. Kronick and Mawakina Bafale Date: September 13, 2022 Re: Unpacking Canada’s Persistent SME Growth Problem Only 2 percent of mid-sized Canadians firms grow into large companies with more than 500 employees, according to a 2016 Business Development Bank study. More recent data suggests that number has not budged. Alongside weak firm growth, there […] Canada’s Small Enterprises Hampered by Costly Financing
In this edition of Graphic Intelligence, we compare Canada’s lending conditions for small and medium enterprises (SMEs) to that of a set of OECD countries we are often measured against. Canadian small and medium businesses pay a premium for financing relative to SMEs in other OECD countries. Canada’s SMEs face numerous challenges that impede their ability to scale up. […] John Lester – R&D Tax Credit Review Needs to Focus on the Right Issues
To: The Hon. Chrystia Freeland, Minister of Finance From: John Lester Date: August 24, 2022 Re: R&D Tax Credit Review Needs to Focus on the Right Issues Canada is not keeping up in the global competition for innovation-led growth and prosperity. Our research and development intensity is low relative to other countries and not enough of our inventions […] Weak Capital Investment in Canada Hurts Canadian Workers
The higher a country’s stock of business capital, the better its workers are equipped to produce, earn and compete. Countries with abundant capital relative to their workforces earn higher incomes, and countries that add to their capital stocks faster can anticipate faster growth of living standards. Unfortunately, recent comparisons to other developed counties in the […] R&D tax credit review needs to focus on the right issues – Financial Post Op-Ed
Canada is not keeping up in the global competition for innovation-led growth and prosperity.
Our research and development intensity is low relative to other countries and not enough of our inventions are commercialized at home. Can Ottawa’s current review of the Scientific Research and Experimental Development (SR&ED) tax credit announced in its last budget make a difference?
In principle, yes, but early indications are that the review will focus on issues of dubious merit or those that would best be handled with new measures rather than by modifying SR&ED.
The federal review has two objectives. The first is to assess whether the SR&ED program is effective in encouraging R&D that benefits Canada. The…
William B.P. Robson on BNN – What’s the Matter with Canada’s Business Investment?
Bill Robson, CEO of the C.D. Howe Institute, joined BNN Bloomberg to discuss its latest report that explores why business investment in Canada is lagging so far behind other developed economies. He says Ottawa needs to invest in non-residential construction, machinery and intellectual property to equip Canadians with the incomes required to afford the high cost of living.