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Letter to Finance Minister Morneau outlining measures to boost public confidence and help set the stage for a lasting economic recovery

Dear Minister, One hundred days ago, members of the Business Council of Canada published an open letter urging their counterparts across the country to join them in a shared battle against COVID-19. Businesses in all sectors were quick to step up. In industries such as energy, agri-food and transportation, companies that provide essential services to Canadians adopted strict new guidelines to protect the health and safety of front-line workers. Firms of all sizes, in all regions, closed their offices and ...

June 19, 2020

The Canadian Economy Post-Lockdown

The Canadian Economy Post-Lockdown

As published in Policy Magazine The COVID-19 pandemic has devastated the Canadian economy. In the first quarter of 2020, the economy shrank by a previously unimaginable 8.2 percent on an annualized basis. The economic downturn pushed the unemployment rate to 13.7 percent in May, with the federal deficit on track to hit $252.1 billion in fiscal 2020-21 after extraordinary programs were unveiled to support Canadians.  In the early days of the pandemic and economic crisis, there were hopes that once the spread of COVID-19 ...

Open Letter to the Prime Minister on Support for Canada’s Municipalities Facing Severe Financial Impact of COVID-19

Re: Support for Canada’s Municipalities facing severe financial impact of COVID-19   Dear Prime Minister: During this critical transition period for the Canadian economy, the Canadian Global Cities Council (CGCC) and the Business Council of Canada (BCC) have collaborated to provide a national viewpoint on the immediate crisis faced by our cities and the businesses that operate in them. Founded in 2015, the Canadian Global Cities Council (CGCC) is a coalition of CEOs of nine of Canada’s largest urban ...

Open Letter to the Prime Minister and all Premiers on re-opening the doors of our provinces, territories and country

As a society, we have faced a threat like no other, COVID-19. And we are still dealing with it. Under the leadership of our governments, we agreed to implement tough decisions to protect our health and safety. We shut down our schools, our businesses, and our borders. We all made sacrifices and continue to adapt to this new reality. Now, it seems, we are getting through the worst of it. As we re-open, we are learning to live with the ...

June 1, 2020

Joint letter to Prime Minister from Canada’s largest business associations

Joint letter to Prime Minister from Canada’s largest business associations

Dear Prime Minister: Your government’s swift policy response to the economic consequences of COVID-19 spared millions of Canadians from significant hardship. Measures such as the Canada Emergency Wage Subsidy and the Canada Emergency Business Account have provided urgently needed assistance to Canadian workers and businesses, clearly demonstrating the value of public-private collaboration. These programs succeeded thanks to the government’s conscious decision to act quickly, pursue bold policies and take risks. As provinces and territories begin to reopen, Canada ...

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