News Summary

Seventy-five CEOs from Ontario-based tech companies have signed an open letter to Premier Doug Ford, urging the implementation of a comprehensive innovation and economic policy within the first 100 days of his new mandate. The letter, initiated by the Council of Canadian Innovators, emphasizes the need for a shift from short-term foreign direct investment to long-term domestic wealth creation to enhance Ontario’s economic resilience. The CEOs propose eight key policy actions, such as strengthening capital support for local firms, building domestic capacity in critical sectors, and modernizing procurement strategies with a focus on Ontario-based companies. The appeal highlights the province’s economic challenges and the necessity for a strategy that supports local innovation and sustained economic growth.