In a system of crony capitalism, firms and individuals compete for government favours rather than consumer dollars.
The only truly pro-business policies foster competitive markets and produce a more level playing field.
For the 45 research projects approved, almost $100 million had been committed but not necessarily spent.
Every year in Canadian and U.S. grocery stores, 20,000 new products are tried out.
Market leaders such as Amazon, Netflix and Google will fall by the wayside if they are unable to keep innovating and satisfying consumers.
Canada dropped to 17th among developed countries for innovation performance.
GM will use the $6 billion it saves by shuttering plants to enter the driverless and electric car markets.