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Bold bets for our country
It’s time for deliberate action

bold bets

Canada’s 150th anniversary offers an opportunity to look forward to our future

In our sesquicentennial year, we have much to be proud of. Today Canada stands as one of the best countries in the world in which to live and work. An uncertain global economy and the impact of technological change put our prosperity at risk. We face complex challenges that could imperil our prosperity in the years to come: the challenge of increasing global competition and the impact of technological disruption. Complacency will mean falling behind.

It's time to be bolder. Deloitte believes we must consider the type of country we want to be in the decades to come and lay the foundation. The time for deliberate action is now.

 

Canada faces complex challenges and tremendous uncertainty

Canada cannot be the best place in the world to live and work without accelerating strong, sustained economic growth. But as Canadians, we must find the right balance between growth and widespread benefit, and make strategic choices that help us achieve both.

UN Human Development Index Score - Selected countries, 1990-2015

Show Chart DataHide Chart Data
UN Human Development Index Score - Selected countries, 1990-2015
Country 1990 1995 2000 2005 2010 2015
Canada 0.849 0.86 0.867 0.891 0.903 0.92
Norway 0.849 0.883 0.917 0.931 0.939 0.949
Australia 0.866 0.885 0.899 0.915 0.927 0.939
Switzerland 0.831 0.846 0.888 0.904 0.932 0.939
Germany 0.801 0.834 0.86 0.892 0.912 0.926
United States 0.86 0.877 0.884 0.898 0.91 0.92
Canada
Norway
Australia
Switzerland
Germany
United States
 
Complexity High Low Limited Significant Positive impact on Canadian quality of life JackpotGreat potential value with little complexity Bold betGreat potential value with significant challenges Simple winLimited value with relatively simple implementation Long shotComplex action offering some benefits

What is a bold bet?

In the context of a country it involves action — taken by citizens, government, the private sector — that puts the status quo at risk and steers the economy or society in a new and distinct direction.

Get the full report to learn more about Bold bets for our country: It’s time for deliberate action.

2017+ Future endeavours 1998 CPP rescue 1995 Budget cuts 1987 CUSFTA/NAFTA 1982 Canadian Constitution 1966 Universal healthcare 1965 Canada-US Auto Pact 1962+ Oil sands developed 1880s Canadian Pacific Railroad 1867 Confederation

Canada is a country shaped by bold actions

When exploring Canadian history, we can identify clear examples where Canada’s history was shaped by a bold action.

Many bets have shaped our country, but five appear to have had the greatest positive impact on Canada.

 

Lessons learned from history

Focus investment on those industries, sectors, and technologies that will be dominant sources of competitive advantage Create new models and approaches that focus on lifelong learning, diversity of learning, and direct links to the business world outside the classroom Open for business— Canadian style Back Canada’s current and future global champions Disrupt the education status quo Dramatically accelerate our engagement in the global economy to further drive competitive advantage Leading with courage

Our conversations with public and private sector leaders across the country and our own findings point to three initial and crucial areas where difficult choices and alignment between business, government and academia can put Canada on the path to continued success.

 

Back Canada’s current and future global champions

  • Focus investment on those industries, sectors, and technologies that will be dominant sources of competitive advantage

Open for business – Canadian style

  • Dramatically accelerate our engagement in the global economy to further drive competitive advantage

Disrupt the education status quo

  • Create new models and approaches that focus on lifelong learning, diversity of learning, and direct links to the business world outside the classroom

Leading with courage is the key to bold action.

Bold bets for our country: It’s time for deliberate action.

It's time to lead with courage.

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Canada 175 app is available for Android and iOS devices

Explore other Canada at 175 reports

Canada at 175 is Deloitte’s multiyear research initiative to study the issues at the heart of Canada’s future success and provide a perspective on our path to prosperity. 

Canada at 175

At Deloitte, we believe Canada can become the best place in the world to live and work in the next 25 years. Canada at 175 is our multiyear research initiative to study the issues at the heart of Canada’s future success and provide a perspective on our path to prosperity.

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