Canada Needs a Growth Agenda, Not a Management Strategy

Canada Needs a Growth Agenda, Not a Management Strategy by Maj (ret’d) CORNELIU, CHISU, CD, PMSC FEC, CET, P.Eng. Former Member of Parliament Pickering-Scarborough East Canada is facing a difficult economic reality. While the country has avoided the severe recessions that many feared in recent years, Canadians are increasingly feeling poorer, not richer. Housing affordability remains out of reach for many young families. Productivity growth has stagnated. Business investment has weakened. Government debt has increased. And our traditional economic advantages—abundant natural resources, access to global markets, a skilled workforce, and political stability—are not translating into the prosperity they once did. The challenge facing Canada is not merely cyclical; it is increasingly structural. The country needs more than careful economic management. It needs a national growth agenda. For decades, Canadians have been accustomed to steady improvements in living standards. Each generation expected to enjoy greater prosperity than the one before. Today, that assumption is no longer guaranteed. Real GDP per capita, one of the most important measures of economic well-being, has struggled to keep pace with population growth. Many Canadians are working harder while finding it more difficult to purchase a home, save for retirement, or support their families. At the heart of the problem lies Canada's productivity challenge. Productivity may sound like an abstract economic term, but it is ultimately the foundation of higher wages and improved living standards. A worker equipped with better tools, technology, infrastructure, and training can produce more value. When productivity rises, wages can rise without creating inflation. Unfortunately, Canada has fallen behind many of its peers in productivity growth. Business investment per worker has lagged behind that of the United States. Companies are investing less in machinery, technology, research, and innovation. Too much capital is flowing into existing real estate rather than into productive enterprises that generate long-term economic growth. This trend should concern policymakers across the political spectrum. The solution is not simply to spend more public money. Governments cannot subsidize their way to prosperity indefinitely. Instead, Canada must create conditions that encourage investment, innovation, and entrepreneurship. One obvious area for improvement is infrastructure. Major projects in Canada often take years, sometimes decades, to move from concept to construction. Whether it is a mine, port expansion, electricity transmission corridor, nuclear facility, transportation project, or housing development, approval processes have become increasingly complex and time-consuming. Environmental protection remains essential, but regulatory systems must also recognize the economic costs of delay. A project that takes fifteen years to approve may effectively be denied. Canada must find a better balance between environmental stewardship and economic development. Housing presents another major challenge. The affordability crisis is not simply a social issue; it is an economic issue. When workers cannot afford to live near employment centres, labour mobility suffers. Businesses struggle to attract talent. Young families delay important life decisions. Economic growth becomes constrained. The answer is straightforward, even if implementation is difficult: build more housing. Municipal approval processes must be streamlined. Infrastructure investments must support new development. Governments at all levels must work together to increase housing supply rather than merely managing demand. Canada must also confront once and for all its fragmented internal market. It is often easier for Canadian companies to export goods to foreign countries than to sell them across provincial borders. This reality would be almost unbelievable to outsiders. Interprovincial trade barriers increase costs, reduce competition, and limit economic opportunity. Removing these barriers should be a national priority. A country of nearly forty million people should function as a single economic market. Energy policy represents another area where Canada possesses enormous untapped potential. Canada is one of the world's leading producers of energy and critical minerals. These resources are essential not only for today's economy but also for the energy transition technologies of tomorrow. Yet Canada frequently struggles to bring projects into production. Investors face uncertainty. Regulatory processes are lengthy. Political debates often discourage long-term investment. Canada does not need to choose between environmental responsibility and economic growth. Modern technology, strong regulatory oversight, and rigorous environmental standards can support both objectives. What Canada needs is the confidence to develop its resources responsibly while ensuring that the resulting prosperity benefits all Canadians. The same principle applies to critical minerals. As countries compete to secure supplies of lithium, nickel, cobalt, copper, uranium, and rare earth elements, Canada possesses significant strategic advantages. These resources should form part of a comprehensive national economic strategy that strengthens both prosperity and national security. Education and skills development must also remain central to Canada's future. The global economy increasingly rewards innovation, scientific expertise, engineering talent, and technological capability. Canada has world-class universities and research institutions, but more must be done to connect research with commercialization and industrial development. As a professional engineer, I have long believed that nations prosper when they value science, technology, engineering, and mathematics. Technical expertise should play a greater role in politics, public policy, economic planning, and national decision-making. Canada should also recognize that economic growth and national security are increasingly interconnected. A country that cannot build infrastructure efficiently, produce critical resources, or maintain industrial capacity will find it more difficult to defend its interests in an increasingly competitive world. Economic strength remains the foundation of national strength.