The government cannot stop itself from taking the easy win and subsidizing foreign firms to create jobs in Canada. The latest is the $72M subsidy for Nokia to expand its operation in Ottawa. Called by the Minister of AI “the gold standard of what we want to see” it's been described in less glowing terms by the tech community:
Reaction from Cato Pastoll, CEO of Loop Financial
Creating new tech jobs seems like a win for Ottawa and Canada. But not all subsidies are about sovereignty. Trying to include foreign subsidies in our definition of 'sovereign' dilutes the definition and makes it meaningless.
