Postponing Retirement New Reality For Older Workers
Postponing retirement has become a new reality for many older workers in the wake of the market crash, underlining the need for reform of the rules around retirement saving in tax-deferred programs. In “The Power of Postponed Retirement,” author Joseph Nunes argues…Robson, Bishop – Coronavirus Crisis Shows Value Of Robust Digital Infrastructure
To: Canadian Telecommunications Users and Regulators From: William B.P. Robson and Grant Bishop Re: Coronavirus Crisis Shows Value of Robust Digital Infrastructure Date: March 24, 2020 Like so many Canadians, we at the C.D. Howe Institute responded to the COVID-19 crisis by suspending almost all in-person activities. As in most workplaces, everyone at the Institute […] Gillezeau, Petit, Tedds – Recommendations For Immediate Provincial Policy Responses To Covid-19
From: Rob Gillezeau, Gillian Petit and Lindsay Tedds To: COVID response policymakers Date: March 24, 2020 Re: Recommendations for Immediate Provincial Policy Responses to COVID-19 With COVID-19 sweeping across the globe, conditions in Canada are, unfortunately, likely to get worse before they get better. Given the scale of the wealth shock in stock markets alone – ignoring the […] 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.
Samuel, Robson – The Economy Needs A Timeline
To: Federal COVID policymakers From: David Samuel and William Robson Re: The economy needs a timeline Date: March 23, 2020 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 […] 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.
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…
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 […] 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 […] 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 […]