In this episode of On The Line, host Matt Gurney is joined by Kent Fellows, Associate Professor of Economics at the University of Calgary’s School of Public Policy, for a conversation about game theory, the trade war, and the challenge of getting Canada’s economy moving again. Plus, a very special guest with a special announcement. See more on that below.
This episode is brought to you by BioCanRx. We’ve been partnering with federally-funded Canadian not-for-profit BioCanRx to learn how made-in-Canada immunotherapies offer new ways to beat cancer. This September we’re focusing on the “made-in-Canada” part.
Federal and provincial governments have made strong investments in the biomanufacturing sector, but Canada’s drug development ecosystem has contracted over time, and there is not yet enough domestic demand to fully utilize many of these advanced biomanufacturing facilities. This becomes a sovereignty problem. If our biomanufacturing facilities can’t remain in operation, we lose the ability to develop and manufacture homegrown therapies. We wait for therapies developed in other countries to make their way here –– with no control over when that might happen. BioCanRx requires the research projects it funds to work with Canadian facilities whenever possible, which has helped build and sustain networks across Canada –– but there is still a lot of untapped potential.
How can we make sure our infrastructure isn’t sitting idle? More on that next week. Visit BioCanRx.com to learn more.
First, the trade war. Prof. Fellows recently wrote for The Line about what game theory can tell us about the ongoing trade war, and he and Matt dig into the incentives shaping the decisions being made on both sides of the border. The Americans may be behaving rationally if their objective is to maximize their leverage in the short term. But there are costs to that strategy, particularly as other countries begin making long-term decisions based on the assumption that the United States is no longer a reliable economic partner.
This episode is also brought to you by the Forest Products Association of Canada. Every budget season brings endless ideas for how Ottawa should spend. But some of the best ways to strengthen Canada’s economy don’t require a massive price tag.
For Canada’s forest products sector, real growth starts with dismantling made-in-Canada barriers: cutting regulatory duplication, fixing supply chain bottlenecks, securing predictable, cost-competitive access to fibre, and creating more certainty for investment.
We can’t control every global challenge facing our industry, but we can remove the barriers created right here at home.
Discover how smarter policy drives economic growth at FPAC.ca.
Matt and Kent also discuss the upcoming International Investment Summit in Toronto. It’s a good idea: Canada badly needs more investment, greater productivity and stronger economic growth. But attracting investors to a summit is one thing. Convincing them that Canada can actually overcome the regulatory, political and structural obstacles that have discouraged investment in the first place is another.
This episode is also brought to you by Cameco. Canada is entering a decisive decade for energy, and the nuclear reactor we choose now matters. Incomplete designs carry real risk of delays and cost overruns, and we cannot afford to spend years designing a reactor before construction begins. That is why Cameco believes the AP1000 reactor is the right choice for Canada. It is already operating globally and ready now, with 100 percent Canadian ownership and strong participation from Canadian suppliers. The AP1000 reactor means job creation and supplier contracts, energy security at home, and significant investment staying right here in Canada.
A proven design, built on time and on budget. That is how we build Canada. Learn more at ap1000.cameco.com.
Then, a special announcement: The Line is growing.
Alan Findlay has joined The Line as a reporter and as the first recipient of our Build Canada Fellowship. Over the next year, Alan will be doing fact-based, straight-up investigative reporting into the policy obstacles that are hobbling Canadian productivity and economic growth — digging into what isn’t working, why it isn’t working, and what could be done differently.
And he’s hitting the ground running. Alan will be at the prime minister’s investment summit in Toronto this week, reporting on what the government is proposing, what investors are saying, and whether Canada is actually prepared to make the changes required to become a more competitive place to invest, build and grow.
The Line is excited to have him aboard — and we’re looking forward to showing you what he finds. You can read more about the fellowship here.
Please join us in welcoming the newest member of the team. And as always, like and subscribe.
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We hope you enjoy the episode — and don’t miss us next week. We’ll be back with more On The Line.
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