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The Intersect 2026 conference in Toronto brought together prominent figures from government and industry to address pressing issues facing Canada today, including defence procurement delays, separatist sentiments in Alberta, and strategies for enhancing investment. Industry leaders emphasised the urgent need for action as Canada navigates its economic challenges and geopolitical landscape.
Defence Procurement Delays Stifle Growth
Marc Parent, CEO of Global Aerospace, highlighted a significant hurdle for Canada’s defence sector: prolonged procurement processes. Speaking at the conference, he noted that the average time to complete a defence procurement can exceed a decade, which he termed a “major roadblock” in an industry that employs around 400 companies in Quebec alone. Despite the federal government’s substantial financial commitments to defence, Parent argued that the pace of actual purchasing remains alarmingly slow.
“The threats to Canada’s sovereignty are real and existential,” he asserted, urging for a more agile approach to defence spending. Parent’s comments reflect a broader concern among industry veterans about the efficacy of government initiatives in the face of urgent security needs.
Alberta’s Separatist Movement Gains Traction
Former Alberta Premier Jason Kenney raised alarms about the potential growth of the separatist movement in his province, particularly if relations with the federal government remain strained. He suggested that while he does not foresee a separatist victory, increasing dissatisfaction could lead to a significant number of votes for the movement, especially if negotiations over infrastructure, such as pipeline projects, fail to yield results.
Kenney indicated that this emerging sentiment is not just a fringe issue but is being fuelled by “alt-right populists” who have become more vocal in the political arena since the COVID-19 pandemic. He warned that if separatist support reaches 30 or 35 per cent, it could create a “permanent divisive fact” in Canadian politics, undermining investor confidence and economic stability.
Optimism for Investment in Canada’s Growth
In a panel discussion on Canada’s future economic landscape, John Graham, CEO of CPP Investments, expressed optimism regarding the growing interest in domestic investment. He noted that 12 per cent of the Canada Pension Plan’s $780 billion fund is already invested within Canada, making it the second largest investment destination after the United States. Graham pointed out that the OMERS pension plan is looking to inject at least $10 billion into Canadian investments over the next five years.
Highlighting the need for collaboration between public and private sectors, he stressed that the current economic and geopolitical climate presents both challenges and opportunities. “We’re open for business,” Graham stated, signalling a readiness to support the Canadian defence industry.
Navigating Trade Relations with the U.S.
John Bolton, former U.S. National Security Adviser, addressed the complexities of Canada’s trade relationship with the United States, emphasising the importance of geography in shaping these interactions. During his conversation with Globe columnist Andrew Coyne, Bolton suggested that while Canada should explore additional trading partners, the reality of its proximity to the U.S. cannot be overlooked.
He cautioned that Canada should remain prepared for future negotiations, particularly as political dynamics shift in Washington. Bolton’s remarks underscore the delicate balance Canada must strike to protect its economic interests while engaging with the U.S.
Why it Matters
The discussions at Intersect 2026 shed light on the critical issues shaping Canada’s future, from defence procurement inefficiencies to rising separatist sentiments. As the nation grapples with these challenges, the commitment from both industry leaders and government officials to foster collaboration and investment will be vital. The conference revealed a collective understanding that the road ahead is fraught with obstacles, yet also ripe with potential for growth and renewal. Addressing these issues with urgency and strategic foresight will be crucial for Canada to enhance its sovereignty and economic resilience in a rapidly changing global landscape.
