One very big silver lining to 2020 was the dramatic uptake in the use of virtual health care in Canada. During the first wave of the pandemic over 70 per cent of outpatient care was delivered virtually. Before COVID-19, speaking to a family doctor about a new health problem, simply getting a prescription renewal or having a visit with a specialist required most Canadians to take time off work, travel to their local clinic or hospital and sit in a waiting room for upwards of an hour or more. But now doctors can bill for virtual visits and Canadians can receive medical care from the comfort of their own home.
As the second wave crests, and hospitals are once again filling up with COVID patients, providing care to other patients…
The Bank of Canada did not surprise last week on its target for the overnight interest rate, which remains at 25 basis points and is expected to stay there until the economy fully recovers from the pandemic recession, sometime in 2023, according to the bank’s projections.
The real intrigue in the bank’s regular announcements these days surrounds its purchases of Government of Canada debt, and what they mean for its relationship with the federal government. Wednesday’s announcement left these purchases unchanged at $4 billion per week. However, this announcement requires a deeper dive, coming as it does after the federal government’s fall economic statement laid down substantial deficits and no fiscal anchor on the horizon.
…Even with a new team in the White House in 2021 and a return to a healthy and respectful bilateral relationship, trade differences with our American friends will not disappear. And in addition to some tough Canada-U.S. files, there are other trade issues confronting the Canadian government, notably in respect of China, but including at the World Trade Organization, as well. All of this will require careful handling as we enter the new year.
Maintaining and improving trade relations with the U.S. will always be our top priority. Even with the Democrats in office and CUSMA a done deal, there will be trade irritants. And the Americans will always be tough and demanding. CUSMA created a Free Trade Commission that charges the…
