Glen Hodgson on BNN – Key to economic recovery is ‘getting money into people’s hands’
Glen Hodgson, senior fellow at the C.D. Howe Institute, joins BNN Bloomberg to discuss why he believes Canada’s economy will see a U-shaped recovery after COVID-19.
Canadian businesses need much bigger subsidies for salaries during this crisis – Globe and Mail Op-Ed
COVID-19 poses a threat to Canada’s economy that is unique in modern times. People are self-isolating, businesses and not-for-profits are cutting back or closing, and workers are losing their jobs. The consequences – including the health impact of unemployment, isolation and lost access to goods and services – could rival those of the coronavirus itself.
Governments have responded with measures that proved useful in the 2008-09 financial crisis. Lower interest rates, liquidity and credit-market supports will all help.
Also important are steps to ease the cash-flow crunch that threatens chain reactions of private-sector closings and layoffs. Federal, provincial and local governments are deferring remittance and filing…
Rosalie Wyonch on Global News’ Wait There’s More podcast – Ottawa’s $82-billion financial aid package
Rosalie Wyonch, Policy Analyst at the C.D. Howe Institute, joins the Wait There’s More podcast to talk about Ottawa’s $82-billion financial aid package to help workers and businesses get by in the short-term, and whether it goes far enough.
William B. P. Robson – Give Businesses A Lifeline: Relief On Gst/hst Remittances
From: William B. P. Robson To: Bill Morneau, Minister of Finance Date: March 20, 2020 Re: Give businesses a lifeline: relief on GST/HST remittances The COVID-19 outbreak presents a unique threat to Canada’s economy. The last major crisis, in 2008-09, had the financial system at its core and it responded well to injections of liquidity and support for credit […] Bill Robson: Give businesses a break on GST/HST payments during COVID-19 pandemic – National Post Op-Ed
The COVID-19 outbreak presents a unique threat to Canada’s economy. The last major crisis, in 2008-09, had the financial system at its core and responded well to injections of liquidity and support for credit markets. The coronavirus is not like that. It has stopped the economy cold. People are staying home. Many service industries have shut their doors. Output and employment are plummeting.
Canadian governments have responded. The Bank of Canada has slashed the overnight rate and is supporting credit markets. The federal government is supporting specific sectors through its various lending agencies. These are important measures and the experience of 2008-09 made them faster and more effective.
In 2008-09, however, people…
Benjamin Dachis – Provincial Economic Policy Responses To Covid-19
To: Provincial Governments From: Benjamin Dachis Re: Provincial economic policy responses to COVID-19 Date: March 20, 2020 The federal government has announced immediate moves and will likely announce more to support the Canadian economy in light of COVID-19. What should provincial and local governments now turn their minds to on the economic front? Some of […] Glen Hodgson – What Will A Pandemic Mean For Economic Performance?
From: Glen Hodgson To: Canadians concerned about COVID-19 Date: March 20, 2020 Re: What Will a Pandemic Mean for Economic Performance? The COVID-19 pandemic is having an immediate impact on population health locally and globally, and on the performance of the economy. What can we expect as it unfolds? Pandemic Patterns Pandemics dating back to the Middle […] Tammy Schirle – The Next Piece Of The Puzzle
From: Tammy Schirle To: COVID response policymakers Date: March 19, 2020 Re: The next piece of the puzzle For policymakers, the COVID-19 crisis is like a puzzle. But it’s a puzzle whose pieces are changing shape every day, with new pieces added and dire consequences if they don’t solve the puzzle quickly. The announcements yesterday by the federal government […] Glen Hodgson – The Role Of Crown Financial Institutions During A Pandemic
From: Glen Hodgson To: Canadians concerned about COVID-19 Date: March 17, 2020 Re: The Role of Crown Financial Institutions During a Pandemic COVID-19 has quickly become a global threat, causing a massive public health response and economic dislocation. Crown financial institutions, notably Business Development Bank of Canada (BDC) and Export Development Canada (EDC), can play an important role […] William White on BNN – Economist who predicted the last financial crisis warns of a debt bubble pop amid the COVID-19
William White, senior fellow at the C.D. Howe Institute & former deputy governor of the Bank of Canada, joins BNN Bloomberg to discuss how Canada’s economy will navigate COVID-19. As one of the few economists who predicted the 08-09 crisis, he notes decades of financial imbalances could surface should the recession continue longer than expected.
Kevin Milligan – The Economy Needs A Big, Strong Covid Bridge
From: Kevin Milligan To: Canadians Concerned about COVID Date: March 17, 2020 Re: The economy needs a big, strong COVID bridge COVID-19 threatens our health and our economy. Airlines, tourism, hospitality, and retail businesses are being hit with massive shocks now to revenue and soon to payrolls. Without immediate action, businesses will go bankrupt and millions of Canadian families […] William B. P. Robson – Covid-19: How Canada’s Governments Can Really Help
From: William B. P. Robson To: Canada’s governments Date: March 16, 2020 Re: COVID-19: How Canada’s Governments Can Really Help Actions and promises of more from policymakers last week and over the weekend gave Canadians badly needed signs that elected leaders and officials are working to limit the impact of COVID-19 on their health and their economy. An […]