The federal government teased the pillars of Canada’s upcoming AI strategy and a new procurement policy for small and medium businesses in the Spring Economic Update.
However, there was little else new for the tech industry, prompting criticism from some leaders in the sector who say they were hoping to see more to spur innovation.
“Today’s economic update does little to show that the government is taking the digital economy seriously or using it to strengthen Canada’s major traditional economic strategies,” Council of Canadian Innovators CEO Patrick Searle said in a release.
Tabled by Finance Minister François-Philippe Champagne on Tuesday evening, the update builds on some of last year’s budget commitments to the defence and innovation sectors, including updates on stablecoin regulation and making the employee ownership trust (EOT) tax incentive permanent.
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