Economic recovery in the time of COVID

Governments can support confidence by being transparent with respect to when and how restrictions will be phased out, what health and security requirements specific businesses will need to adhere to, and what they will do in the event of a resurgence of COVID-19 cases.

Protesters, pictured May 30, 2020, on Parliament Hill, calling for the reopening of the Ontario economy. Emerging from this recession will require restoring business and consumer confidence so that as restrictions are eased, they are ready to hire and spend. Federal support measures are sizeable and are helping maintain household incomes, writes Pedro Antunes. The Hill Times photograph by Andrew Meade

Opinion

BY PEDRO ANTUNES

June 15, 2020

Canada is deep in recession. Social distancing and the halt to non-essential activity were policy actions necessary to slow the spread of COVID-19 but the economic implications of the shutdown are becoming evident. In March and April, Canada lost three million jobs—15.6 per cent of our workforce. ...

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