This document discusses challenges facing Canada's innovation economy and strategies to support it going forward. It notes Canada's shifting economic focus from natural resources to manufacturing to services/technology. While Canada has advantages like education and proximity to markets, its innovation performance has been lackluster, with declining R&D spending and a "D" grade on innovation. The document advocates developing a comprehensive strategy across education, immigration, productivity, entrepreneurship culture, and financing to foster innovation and position Ontario competitively in the 21st century knowledge economy.