Following COVID-19, decisions made in the next weeks and months will determine the trajectory of Canada’s economic recovery. This collection of essays by some of Canada’s leading thinkers on economics, public policy and governance offers some important principles and ideas to guide policy-makers as they face these tough decisions.

Economic history gives us many examples of instances when financial innovations, rapid growth in credit supply and increased reliance on short-term financing have led to financial instability and crises. Therefore, at a time of rapid changes in the financial sector, it is important that regulators pay close attention to what is happening and take appropriate action.

While digital finance innovation has the potential to provide businesses and consumers with lower costs and a greater range of financial services, it has raised questions regarding the risks it poses to consumers, individual financial institutions, the financial system and the economy at large – and how Canadian financial regulators should respond to those risks.

This report offers an analysis of whether Swedish regions that receive more R&D funding in a specific industry or technology are also more likely to diversify in this industry and technology.