Newspaper article The Canadian Press

Canada Needs 'A Little More Swagger' Promoting Homegrown Innovations: Trudeau

Newspaper article The Canadian Press

Canada Needs 'A Little More Swagger' Promoting Homegrown Innovations: Trudeau

Article excerpt

Promote Canadian innovation with 'more swagger': Trudeau

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TORONTO - Prime Minister Justin Trudeau wants Canada to have "a little more swagger" in promoting homegrown innovations.

Speaking at e-commerce giant Shopify Inc.'s annual conference in Toronto on Tuesday, he praised Canada's entrepreneurs, but lamented how susceptible their innovations are to overseas investors.

"As soon as we come up with a really great idea, someone with really deep pockets comes up from the States or somewhere else in the world and says, 'Oh great, I am going to incorporate that into my platform,'" he said.

"We just need to have a little more swagger as a country, a little more of an ability to promote and demonstrate how awesome we are. We don't often do that. We don't do that enough."

Trudeau said he has seen a lot of funding flowing to Canada from Silicon Valley, where major American technology companies have built their businesses, but "we need to do a better job of generating that capital here."

He said there's also a flurry of Canadians returning home from the U.S., but did not elaborate further. His statement is at odds with recent worries from experts of a so-called brain drain caused by computer engineering workers in Canada moving south of the border for jobs. …

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