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Skills not matching need

The head of one of Canada's largest banks says the country's post-secondary institutions are not producing enough graduates with the right skills to drive future economic growth.

CIBC chief executive Victor Dodig tells The Canadian Press in an interview that much of Canada's eventual growth will come from entrepreneurs who commercialize new ideas and technologies for all sectors of the economy.

He says Canada boasts high participation rates in post-secondary education, but it lags when it comes to increasingly important disciplines for innovation, such as science, engineering and mathematics.

He says there should be a better connection between the kinds of programs offered to students and the specific needs of industry.

Dodig says Canada needs to foster the innovation segment of the economy rather than always hoping for a low dollar or worrying about low energy prices and the struggling manufacturing sector.

He says more effort is needed in areas such as funding and intellectual-property protection to help innovative small companies grow into big, job-creating players.



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