Lynn Johannson, Advisor, Sustainability and ESG
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Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
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National Plan to Unlock Growth and Innovation
Royal Commission | March 28, 2025
Image: Freepik
Canada Needs a Bold National Plan to Support Innovation, Economic Growth, and Attract Investment
A group of Canadian policy experts from across the country at Policy Options are calling for a royal commission to secure Canada's future — and they're probably right if the first outputs and key decisions can be delivered on a very quick timeline (i.e. less than 6 months). They warn that Canada’s economic model is outdated, our policies are stuck in the 20th century, and our global competitiveness is slipping (let's not forget our continued productivity decline and inability to track significant investment).
See: The Crisis Canada and Fintech Can’t Afford to Waste
Canada's economy is underperforming. The country is slow to adopt modern financial infrastructure. Interprovincial trade barriers are costing billions. Canada lacks a coordinated innovation and startup scale-up strategy.
They argue that only a national, non-partisan effort like a royal commission can bring Canadians together to build a future-ready plan. For fintech, innovation, and entrepreneurship. If Canada is serious about attracting investment, scaling startups, and competing globally, it needs a national strategy that streamlines regulation, opens interprovincial trade, unlocks innovation and capital, boosts economic growth and attracts investment, and a royal commission could make that happen. Now is the time to act.
Royal commissions have worked before. The Macdonald Commission (1982–85) laid the groundwork for free trade and modern economic policy. A new commission could once again unite governments, entrepreneurs, and civil society to chart Canada's strategy in an uncertain future, but only if it moves quickly.
Why It Matters
Canada has amazing human capital - talent, ideas, and potential, but we need a national strategy that makes it easier for entrepreneurs to launch, raise capital, scale technologies, and compete globally, which would drive significant economic growth.
See: Canada’s AI Competition Report Faces Big Tech Challenges
A royal commission could align innovation, regulation, trade, and investment around a shared economic vision. Done right, it would empower the next generation of Canadian companies and secure long term prosperity, not by protecting incumbents but by empowering performance.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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