Seizing the moment – Penny Wise discusses Canada’s economic recovery

COVID-19 created an “inflection moment” that offers Canadians a chance to build a better future, according to Penny Wise, President of 3M Canada. “We have a huge opportunity to make a difference and really change the growth trajectory of Canada if we really seize that moment,” she says.In a conversation with Goldy Hyder on the Speaking of Business podcast, Wise points to three ingredients that should be part of the country’s economic recovery. First, she urges the country to develop an industrial strategy that capitalizes on Canada’s strengths and potential. Second, Wise emphasizes the importance of getting women fully engaged in the economy again, including in leadership positions, pointing to the large number who left the workforce during the pandemic. Third, we need a stronger focus on teaching science, technology, engineering and math (STEM), and on ensuring under-represented groups have access to that education. “Our future lies in making sure those people who want to pursue STEM — who want a job, who want a career — that we are providing them with the opportunities to make that happen,” Wise says.Listen to Goldy Hyder’s conversation with Penny Wise – including the career advice she gives to young women – on the Speaking of Business podcast Revealing conversations with influential innovators, entrepreneurs and leaders. Listen to more episodes here: thebusinesscouncil.ca/podcasts/