Archive for the ‘Economy/Employment’ Category

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How Canadian businesses can ‘Own the Podium’

Saturday, June 6th, 2020

Make a green renovation wave for our homes and workplaces the cornerstone of the recovery package, with strings attached to ensure provinces and municipalities commit… Dedicate $5 billion in research and development and piloting over the next five years to fund technological breakthroughs in bitumen-based carbon fibres, green hydrogen, renewable jet fuels and batteries… Attract major investment from around the world by topping up the current federal Strategic Investment Fund’s $1.6 billion budget over five years to $40 billion.

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It’s time for a massive reset of capitalism

Wednesday, June 3rd, 2020

The Great Reset agenda would have three main components. The first would steer the market toward fairer outcomes… The second… would ensure that investments advance shared goals, such as equality and sustainability… The third and final priority… is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges.

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What COVID-19 has taught us about the nature of the way we work, and what we must do to fix it for the safety and betterment of us all

Wednesday, June 3rd, 2020

… the important lessons of this pandemic, which is people doing even the most humble jobs in society — the cleaners, the care aides and the retail clerks — actually have a critical role in public health and public safety, and we have to recognize that and start to value that properly.” … “A key ingredient in building a better future for work after the COVID-19 pandemic must be a stronger role for mechanisms of voice, representation and bargaining power for workers in all industries and all statuses,”

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There is no economic recovery without adequate child care

Wednesday, June 3rd, 2020

With Canadian women typically contributing about 40 per cent of household income, there can be no full economic recovery without what economist Armine Yalnizyan has dubbed a “she-covery.” Child care is key to making that possible… Child care encourages participation in the labour market… Investments in the care economy will largely pay for themselves as middle class families engage in greater labour-market participation, higher productivity, rising incomes, and increased tax revenue.

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Engineering a ‘green recovery’ is a terrible idea

Monday, June 1st, 2020

The Liberals… should resist the temptation to design a conventional economic stimulus package until it is absolutely clear that one is necessary. As for any planned green recovery, they should avoid costly policies that involve picking winners and rely instead on a rising carbon price to do its job.

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Justin Trudeau says he’ll seek 10 days of paid sick leave for all workers

Tuesday, May 26th, 2020

Right now there is a patchwork of sick-leave provisions across the country. All provinces require workers have access to unpaid sick days, but only Quebec and Prince Edward Island require paid sick leave. Ontario stipulates three days of unpaid sick leave, while paid sick leave is a decision between employers and their employees, companies and unions… Ottawa “can’t impose” paid sick leave on provinces or employers, but it “can come to the table with money and that would make a difference.”

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What Kind of Economic Recovery do Canadians Want?

Friday, May 22nd, 2020

Canadians, by a 2 to 1 margin, want governments to spend whatever is required to rebuild and stimulate the economy, even if it means running large deficits for the foreseeable future… Building Canada’s ability to produce key products like food and medical supplies domestically… Investing in strengthening the health system, including universal public pharmacare… Not letting richer Canadians off the hook for contributing their fair share… Helping people who need it the most…

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Five Eyes allies urged to lessen dependence on China

Thursday, May 21st, 2020

Canada depends on China for 367 categories of goods, such as pharmaceuticals and food additives, of which 83 are used to supply critical national infrastructure, including rare-earth minerals, industrial products and electronics… as China has become more authoritarian under President Xi Jinping, it has increasingly shown a willingness to threaten and punish countries that question its actions… Canada must at a minimum diversify its supply chains.

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We must ensure the post-COVID world does not fall prey to socialism

Wednesday, May 20th, 2020

There is a titanic political struggle about to come. The right must start thinking about how to fight it… It will be a conflict in which the natural supporters of free enterprise as the foundation of human progress, and fiscal responsibility as the bedrock of a confident economy, will suddenly find themselves on the back foot… if people are left to turn only to socialist ideas in the wake of these terrible weeks, today’s tragedies will turn into the lifelong torment of tomorrow.

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Ottawa to seek equity or cash from companies applying for new COVID-19 loan program

Wednesday, May 20th, 2020

Large companies that receive bridge financing through a new federal loan program will have to give the government the option to take an ownership stake, or provide a cash equivalent… “The idea behind the warrant is to make sure that if the firm does well that Canadians, and Canadian taxpayers, share in that upside” … companies can pay off the interest on the loan through in-kind contributions, usually goods or services, for the first two years of the loan.

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