trudeau pick clean-tech
Trudeau Picks Clean-Tech, Agri-Food, AI to Drive New Economy
Canada's Liberal government is picking six industrial sectors, led by clean technology, to foster innovation and jobs in an economy that's has been relying on commodities to drive growth. Support will be focused on clean tech, digital, advanced manufacturing, bio-sciences and clean resources, according to Prime Minister Justin Trudeau's second budget released in Ottawa on Wednesday. As part of the effort, the government will consolidate its corporate support programs into one fund and contribute C$400 million ($299 million) in additional venture-capital funding through the country's development bank. "We need to focus on our strengths - areas where we can lead globally and create good jobs for Canadians," Finance Minister Bill Morneau said in his budget speech to lawmakers, according to prepared remarks. Innovation, along with infrastructure, is at the center of Trudeau's efforts to develop a growth agenda that could help bolster support for a deficit-spending plan that will see the country's debt rise C$143 billion over six years.
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