Coalition led by Raitt, McLellan calls for stronger focus on growth ahead of 2023 budget

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Coalition led by Raitt, McLellan calls for stronger focus on growth ahead of 2023 budget
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Lisa Raitt and Anne McLellan lead the Coalition for a Better Future, which comprises a wide range of business and non-profit organizations

In a highly polarized political climate, Lisa Raitt and Anne McLellan are pushing for action on the big things that almost everyone agrees on: stronger growth, reducing greenhouse gas emissions and filling leadership positions with people who reflect Canada’s diversity.

The report warns that while Canada is moving in the right direction on some fronts – such as its tech sector, where there are a growing number of startups with billion-dollar valuations – it is not moving fast enough in key areas that will boost prosperity. Ms. Raitt was a cabinet minister in Stephen Harper’s government, and continued representing the Toronto-area riding of Milton until she was unseated in the 2019 election. Ms. McLellan began representing Edmonton in the House of Commons in 1993 and served in the cabinets of Jean Chrétien and Paul Martin before being defeated in 2006.

The report is being released ahead of the 2023 federal budget, which has not yet been scheduled, but is expected to be tabled in the next few weeks. For instance, Canada’s carbon dioxide emissions were down sharply in 2020, but that was largely due to global shutdowns and can’t be claimed as a sign of policy success.

“As a share of GDP, business R&D has hovered at just under 0.7 per cent over the past 15 years and is showing no signs of hitting our target of 1.8 per cent by 2030,” the report states. “This is well below peers like the U.S. and suggests Canada’s weak private sector contribution to innovation is threatening our ability to build a competitive advantage.”

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