June 30, 2020
As published in the Globe and Mail The beginning of summer has brought welcome news about Canada’s economy and Canadians’ prospects after a spring devastated by COVID-19. Measures of activity and confidence, even numbers of jobs, are up from the lows of March and April. But we still have a long way to go. Millions of Canadians are still working less than they were, or not at all, and the reopening of the economy will be too slow ...
June 22, 2020
As published in the Canadian Tax Foundation's Perspectives on Tax Law & Policy Introduction The COVID-19 pandemic has had a devastating impact on economies around the world. Unemployment has soared, while trade has slowed and investment has plummeted. As economies slowly begin to reopen and put in place recovery plans, the focus of governments will turn to job creation and attracting investment. Further complicating the economic environment is a rise in protectionism, with countries re-examining global supply chains and ...
June 15, 2020
Originally published in The Globe and Mail. Linda S. Hasenfratz is chief executive officer of Linamar Corp. Donald R. Lindsay is president and chief executive officer of Teck Resources Ltd. Galen G. Weston is executive chairman of Loblaw Companies Ltd. Canadians should be proud that their vigilance and sacrifice have helped blunt the rise of COVID-19, and of the responsiveness of our provincial and federal governments in managing the crisis. Except for a few health districts, the country is ...
June 3, 2020
As originally published in The Star By Hassan Yussuff and Goldy Hyder The economic fallout of COVID-19 is stark – and women are feeling the brunt of it. Over 1.5 million women lost jobs over March and April, according to Statistics Canada. That’s a 17% drop in employment levels since February. Even with workplaces and services beginning to reopen, families will struggle to return to work without adequate child care in place. Advocates, employers and policymakers alike fear that the burden of ...
March 10, 2020
Since its founding, Canada has always stood proudly among the world’s leading nations as a democracy and an advanced economy, and as a country that welcomes people from around the world – whether as students or as members of our diverse, cosmopolitan society. Canada has an expansive geography and abundant natural resources. Yet Canada has been shy about taking its place among the world’s leading economies when it comes to celebrating our technology and innovation. I sometimes wonder if ...