What Canada Must Do to Compete in the New Economy

Posted on January 02, 2026 | By Alfred Burgesson | 0 Comments

“If Canada wants to lead, it must ensure that the next generation of builders reflects the full diversity and brilliance of the country, and that our systems help them stay, scale and succeed.”

 

For generations, Canada’s economy was defined by its vast geography and abundant natural resources. Our prosperity depended on what we could pull from the ground, harvest from the sea and ship across borders. We valued tradition more than transformation. But today, once-reliable trade alliances are shifting, and the competitive landscape is changing faster than we are adapting. Our productivity has stagnated. Our regions, especially the Atlantic provinces, are falling in GDP per capita rankings, and the country risks slipping behind in a world where speed, ambition and execution matter more than ever.

Canada’s newly elected Prime Minister, the Right Honourable Mark Carney, has committed to a generational investment strategy to rebuild the foundations of our economy while charting a path into the next one. After taking office in May 2025, he appointed Canada’s first Minister of Artificial Intelligence & Digital Innovation, Evan Solomon—making Canada one of the few countries in the world with this official portfolio. If you’ve ever heard Minister Solomon speak, you might gain an appreciation for the promise of artificial intelligence if we can get this right.

The New Economy Requires Diverse Talent

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