QUESTION PERIOD — Innovation, Science and Economic Development
Canadian Entrepreneurs
October 1, 2025
Government leader, a recent study shows that only 32% of Canadian-founded, high-potential start-ups last year were actually based in Canada, compared to over 67% in the late 2010s. Many of our homegrown entrepreneurs are leaving for the United States, creating what some in the sector call “a lost generation of talent.” These are not just companies, Senator Moreau; they represent Canada’s prosperity.
After a decade of Liberal policies stifling growth and driving away investment, how can Canadians trust your government to take concrete actions to keep our best innovators and their businesses here at home?
It is my understanding that the government has a plan to build the strongest economy in the G7. By doing so, it will help not only Canadians but also Canadian industries and Canadian entrepreneurs as well by investing in productivity and innovation and bringing more Canadians into the workforce. Entrepreneurs in general should be aware of the fact that the government has a plan that is serious and aimed at building the strongest economy in the G7.
Senator Moreau, your government often speaks of attracting global talent, and the recent hike in the United States H-1B visa fees could be an opening for Canada.
How can Canadians trust your government to draw innovators from abroad when our own entrepreneurs are burdened with red tape and uncompetitive policies here at home?
Building a strong economy for Canada helps entrepreneurs, and that is the reason why Canadian entrepreneurs should be reassured that the government is looking forward. Building a strong economy helps Canadians and helps Canadian industry, and that’s exactly what the government is doing. Therefore, they will be able to recruit a workforce here in Canada and elsewhere in the world.
