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Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. In these publications, Hendrik briefly describes current issues that affect the Canadian economy and provides insight on what it will mean for Canadians today and the future. In this week’s edition, he looks at how new privacy regulations could negatively impact innovation and other aspects of business in Canada.  

When we think about innovation, we almost always imagine a cool new gadget. But more and more, innovation is data driven—and it is creating the most amazing products, some of which could be threatened by new privacy rules. So how can we encourage and leverage the next Facebook, with its 1.65 billion users? Or the next data-driven medical diagnostics tool?

How do we find the right balance between privacy and innovation?

Read 5 Minutes for Business to find out.

For more information, please contact Hendrik Brakel.

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