In his speech at the World Economic Forum in Davos, Switzerland, last month, Prime Minister Justin Trudeau emphasized five key points as the basis of a fourth industrial revolution: education, infrastructure, innovation, population diversity and public-private investment. Make no mistake — the knowledge economy is here to stay. Or, as Mr. Trudeau put it: “What it takes to grow and prosper isn’t just what’s under our feet, it’s what’s between our ears.”

It’s refreshing to know that our government understands the need to diversify our economic base to include knowledge-based industries if we are to remain competitive. It was an optimistic, upbeat address to invite the world to invest in Canada.

Canada has work to do to stand out as an innovation economy