Canada has no shortage of world-class entrepreneurs—but are we
creating the right conditions for them to build the next
generation of global companies here at home? In the second
episode of our special summer series Can Canada Meet the Moment?,
host Paige Ellis sits down with two successful Canadian founders
who offer very different perspectives on one of the country's
biggest economic challenges.
Michele Romanow, "Dragon" on CBC's Dragons' Den and Co-Founder of
Clearco, argues Canada is making it harder to build and scale
startups. She explains why more founders are choosing the U.S.,
how Canadian policies can discourage innovation, why we protect
incumbents instead of challengers, and what needs to change if
Canada wants to keep its best entrepreneurs.
Laura McGee, Co-founder of Arterra and Executive Chair of
Diversio, offers a more nuanced view. Drawing on her experience
building businesses in both Canada and the United States, she
explains why founders look south for capital, the cultural
differences between the two countries, what Canada gets right,
and why she believes Canadian entrepreneurs can still build
world-class companies from home.
If Canada wants to become a global innovation leader, what has to
change? This conversation explores the policies, culture,
capital, and mindset shaping the future of Canadian
entrepreneurship.
Subscribe to In the Money with Amber Kanwar for more
conversations with the investors, founders, and business leaders
shaping Canada's future.
Timestamps
00:06 Can Canada Meet the Moment brought to you by Forum Asset
Management
01:02 Meet Michelle Romanow
02:34 Rapid-fire warmup
08:21 Founder identity
11:11 Why Canada loses startups
14:11 Policy vs culture
20:16 Rewarding oligopolies
25:51 Founders voting with their feet
27:31 Defense, health, and AI
38:10 Canada’s AI opportunity
43:01 Meet Laura McGee
47:17 Diversio fundraising struggle
53:02 Delaware structure and Canada
01:05:52 Silicon Valley Bank collapse
01:13:45 — What Canada must change
Sponsors
This show is brought to you by Forum Asset Management, presenting
sponsor of our Innovation Special: Can Canada Meet the Moment.
Learn more at https://forumam.com.
Thank you to our partners at ATB Financial. ATB Cormark
Capital Markets is a leading North American investment firm
providing holistic corporate and capital markets advice and
full-service financial solutions. Visit ATB.com/inthemoney for
more information.
For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit https://raymondjames.ca
today to discover how you can live a life well planned.
Thank you to our partners at Hamilton ETFs. For more information
visit hamiltonetfs.com
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DISCLAIMERS
The content provided in this podcast is for informational
purposes only and does not constitute financial, investment, or
professional advice.The views expressed by the host and guests
are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
consult with a qualified financial advisor or professional before
making any investment decisions.
In the Money delivers expert stock picks, actionable ideas, and
timely money management tips. Hosted by business journalist Amber
Kanwar, each episode features interviews with top portfolio
managers who suggest ways to achieve good returns. Covering
everything from ETFs and Canadian stocks to global investing
trends, dividend strategies, and risk management, this show is
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