So Market Gravity, why Canada? Because it's 2017.

And Canada. It's time to grow.

A few months back when Market Gravity were exploring the opportunity to establish a permanent presence in Canada with a local office, we met with a number of senior innovators at some of the country's biggest businesses to understand their needs. One of them asked me a rather simple but interesting question: what makes Canada interesting to a boutique firm with offices in the UK and US?

Over the past few months I’ve reflected on my response and discussed with tens of people and the more I think about it, it’s the most important thought in my mind right now as we properly establish ourselves.

Canada’s reputation in the world has always been strong, safe, friendly, reliable and well, nice. There’s almost an infinite amount of jokes about it – especially if you have an obsession with shows like ‘How I Met Your Mother’.

There’s almost an infinite amount of jokes about Canada – especially if you have an obsession with shows like ‘How I Met Your Mother’.

But, I digress. Ultimately, apart from its dramatic scenery, Canada has never really seemed that interesting to the world. In 2017, Canada’s 150th birthday, I believe that story is changing. The country is finally making its mark on the world.

Canada has always been wealthy. It’s always been safe. It’s pretty much always been very boring politically (I imagine you would struggle to name five Canadian prime ministers).

During the 2008 financial crisis, Canadian banks were much less impacted than their US and UK counterparts. Whether down to regulation or their own appetite to risk, they had played it safe. With large oil reserves in Alberta, Canada has a certain amount of wealth but at the same time a consciousness of the environmental impact of extracting it.

So what's changing?

One of their biggest challenges has been a brain drain of talent leaving the country. Whether that’s iconic actors or comedians heading for Hollywood, tech stars taking flight to Silicon Valley or top talent being poached by other global institutions (think Mark Carney). Canada has struggled to hold onto its top talent.

While this isn’t always a bad thing, countries need this talent and the confidence to retain it.  It’s something I am starting to see too. Whether that’s the ubiquitous Drake sightings in Toronto and not just at a Raptors game, or tech firms choosing to base themselves around world class ecosystems like Communitech at Kitchener / Waterloo.

It could also be that the nation is making a mark on the world stage. As political leaders like Trump and May add a little fear, Canada is now the world leader in liberalism. Regardless of your politics, Justin Trudeau has transformed the country’s image on the world stage compared to his predecessor.

Canada- a world leader in liberalism has had it's image transformed on the world stage by Prime Minister, Justin Trudeau.

In the year Canada turns 150, the country will welcome a new wave of immigrants that provide great diversity. It is the #1 place to visit on the New York Times' 52 Places to Go in 2017  list and most importantly, it will finally give Tim Hortons’ steeped tea and maple donuts to the world.

To come back to the original question ...

... of why Canada is interesting to Market Gravity. After spending much of the last two years working with fantastic companies like ATB Financial and Atlantic Lottery, we want to be a permanent part of this ecosystem. We want to design and launch the best customer propositions for a new world of ambitious and confident Canadian companies. And we want to do that with world class Canadian talent based out of our new home in Toronto.

If you flew on an Air Canada flight during the latter part of 2016, you will likely have seen this wonderfully confident statement to the world. I can think of no better way to sum up how the country is made interesting, because the world needs more Canada.

 

If you’d like to chat about ideas you have to launch a new proposition, how to overcome innovation challenges you’re facing or about our move to Canada- get in touch with Iain.

iain.montgomery@marketgravity.com