The man credited with remaking the smartphone industry with Blackberry in the early 2000s says Ottawa’s decision to give tens of billions of dollars in subsidies to foreign companies like Volkswagen to build battery cell manufacturing plants in Canada was a “catastrophically disastrous move.”
Jim Balsillie, the former chair of Research in Motion and more recently the co-founder of the Council of Canadian Innovators, told National Post’s John Ivison that he thinks Canada’s approach to trade and competitiveness is outdated and ignores the fact that in the knowledge economy, prosperity flows from ownership of intellectual property.
