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Canada’s economy is stuck in 20th century “British empire” mode of producing raw commodities

Mark Lowey
October 7, 2026

Canada’s economy remains struck in a 20th-century reliance on raw commodity exports, failing to leverage its highly educated workforce to drive productivity, says innovation expert Dan Breznitz. Economics professor Paul Beaudry's research shows that a highly educated population doesn't necessarily lead to greater productivity. Innovation and technology adoption is stagnating, reducing Canadian living standards and long-term economic growth.

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Organizations:	Bank of Canada, Business Data Lab, Canadian Chamber of Commerce, Organisation for Economic Co-operation and Development, Statistics Canada, University of British Columbia, and University of Toronto
People:	Dan Breznitz, Mark Carney, Marwa Abdou, and Paul Beaudry
Topics:	artificial intelligence, business investment, commodity exports, Economic productivity, Economic strategy, Human capital, innovation, labour market, occupational downgrading, scaling companies, technology adoption, value-added products, Venture Capital, and wage stagnation

Canada’s economy is stuck in 20th century “British empire” mode of producing raw commodities

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Canada’s economy is stuck in 20th century “British empire” mode of producing raw commodities

Events For Leaders in Science, Tech, Innovation, and Policy

Discuss and learn from those in the know at our virtual and in-person events.

Events For Leaders in
Science, Tech, Innovation, and Policy