Kronick, Koeppl – For A Revamped Federal Backstop
From: Jeremy M. Kronick and Thorsten Koeppl To: Bill Morneau, Minister of Finance Date: May 8, 2020 Re: For a Revamped Federal Backstop The debate on whether and how the federal government should support the provinces given the exceptional circumstances surrounding COVID-19 has raged on over the last few weeks. Terms such as fiscal federalism, […] Viable Businesses Need Access to Capital: Crisis Working Group on Monetary and Financial Measures
May 7, 2020 – Policymakers should help ensure capital is flowing efficiently to businesses best placed to drive economic growth during the recovery, according to the C.D. Howe Institute’s Crisis Working Group on Monetary and Financial Measures. Economic recovery will hinge on viable companies being able to invest and adapt to the changing structure of the economy, avoid unsustainable debt, and replenish their working capital. To this end, the Crisis Working Group recommends policymakers and regulators take the following steps:
Reduce uncertainty about the future course of public policy and regulation by continuing to be transparent in communication with the public. Reduce regulatory impediments to capital flow,…Ken Boessenkool – Change The Child Tax Deduction To Address The Coming Childcare Shortage
From: Ken Boessenkool To: Bill Morneau, Minister of Finance Date: May 7, 2020 Re: Change the child tax deduction to address the coming childcare shortage Three related facts about the COVID-19 economic recession are becoming clearer. The most affected sectors are public facing sectors – largely the service sector; the most affected income group is the poor; and […] Glen Hodgson – The Business Impacts Of The Pandemic And Restart
From: Glen Hodgson To: Canadians Concerned about 2020 Date: May 7, 2020 Re: The Business Impacts of the Pandemic and Restart The pandemic shutdown has been very painful for many businesses and for the Canadian business sector collectively. And numbers are now emerging on the immediate damage. A new data source, the Canadian Survey of Business Conditions (CSBC), has […] Kronick, Zelmer – Can The Bank Of Canada Keep Inflation On Target When The Economy Recovers?
From: Jeremy M. Kronick and Mark Zelmer To: Incoming Bank of Canada Governor Tiff Macklem Date: May 6, 2020 Re: Can the Bank of Canada keep inflation on target when the economy recovers? Congratulations on being appointed the next Governor of the Bank of Canada. The job is as important as ever. The Bank of […] Luc Godbout – The Cerb And The Cesb: Balancing Work Incentives Against Fairness Considerations
From: Luc Godbout To: The Hon. Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, and the Hon. Bill Morneau, Minister of Finance Date: May 5, 2020 Re: The CERB and the CESB: Balancing work incentives against fairness considerations Temporary income support measures responding to the COVID-19 crisis, such as the Canada Emergency Response Benefit (CERB) and, to […] Luc Godbout – La Pcu Et La Pcué: Trouver L’équilibre Entre Incitation Au Travail Et équité
De: Luc Godbout À: Honorable Carla Qualtrough, ministre de l’emploi, du développement de la main-d’œuvre et de l’inclusion des personnes handicapées, et l’honorable Bill Morneau, ministres des finances Date: 5 mai 2020 Sujet: La PCU et la PCUÉ: Trouver l’équilibre entre incitation au travail et équité Les mesures de soutien temporaires du revenu liées à la crise de […] Don Drummond – The Federal Government Can Handle The Post-pandemic Debt Hangover, But It Will Not Be Easy
From: Don Drummond To: Canadian debt watchers Date: May 5, 2020 Re: The Federal Government can handle the post-pandemic debt hangover, but it will not be easy The Parliamentary Budget Office estimates the federal deficit will hit $252.1 billion and the net debt-to-GDP ratio is set to shoot up about 20 percentage points to almost 50 percent of GDP. […] Bishop, Dachis – Ontario Industrial Power Prices Are Set To Spike: A Four-part Reform
From: Grant Bishop and Benjamin Dachis To: Greg Rickford, Ontario Minister of Energy, Northern Development and Mines Date: May 5, 2020 Re: Ontario industrial power prices are set to spike: A four-part reform Ontario electricity rates for many businesses will surge just as power demand plunges. This perverse result occurs because reduced load must fund fixed costs for […] For Resilient Re-opening of Economy, Test, Trace and Target Support: C.D. Howe Institute Crisis Working Group on Business Continuity and Trade
May 4, 2020 – Rapid increases in testing and contact tracing are needed to hasten the re-opening of the economy, according to a C.D. Howe Institute working group.
The Working Group on Business Continuity and Trade, co-chaired by Dwight Duncan, Senior Strategic Advisor at McMillan LLP and former Ontario Minister of Finance, and Jeanette Patell, Vice-President of Government Affairs and Policy for GE Canada, also emphasized a need for targeted support to provide liquidity for businesses.
Based on international experience, the group noted widely available testing and effective tracing are essential to manage risks for health system capacity and workplace transmission, as a precursor to re-opening the economy. While balancing…
Louise R. Summerhill – Avoiding A Covid-19 Income Tax Distortion
From: Louise R. Summerhill To: Finance Minister Bill Morneau Date: May 4, 2020 Re: Avoiding a COVID-19 income tax distortion The federal government is to be congratulated for moving quickly to deal with the myriad income support, wage subsidy, business loan tax holiday and related liquidity measures to support Canadians and our economic well-being during the COVID-19 economic […] Grant Bishop on BIV – Considerations for re-opening the economy
Grant Bishop, Associate Director of Research at the C.D. Howe Institute, joins Business in Vancouver to discuss what will factor into a resilient re-opening of Canada’s economy.