Today’s Top Story
Policy Update Following Fiscal Snapshot
Emergency measures introduced to assist Canadians and businesses because of the COVID-19 pandemic have come at a great cost. The total bill, which still is not known, must be monitored closely and transparently moving forward. With diminishing fiscal capacity, the country must begin retooling its economic fundamentals. Canada needs a clear plan to restore private sector growth, starting with a tailored strategy and timetable for safely reopening. We have prepared a 51-point Roadmap to Recovery to help policymakers with the important and challenging work they have ahead.
For Your Attention
Hon. Perrin Beatty Appears On BNN Bloomberg Responding To The Fiscal Snapshot
Our President and CEO, the Hon. Perrin Beatty, appeared on BNN Bloomberg to provide commentary in response to the federal government’s fiscal snapshot, which was released on July 8, 2020. The snapshot includes a projected deficit this year of $343 billion and a debt-to-GDP ratio of 49.1%. Following the release, we made it clear that Canada needs a plan to restore private sector growth, starting with a tailored strategy and a timetable for safely reopening that will allow businesses and families alike to plan.
Free Upcoming Webinars
July 14, 1:00 p.m. ET | Maintaining Business Continuity Through COVID-19 And Beyond, Hosted By Rogers
Join us for a webinar on July 14 at 1:00 p.m. ET to hear from Rogers Product Management executives on how to ensure that your business remains operational and your teams stay productive during these changing workplace environments.
The discussion will cover:
- How to equip employees to work safely and effectively from home
- How to continue providing the same level of service to your customers
- How to access and protect your business data from anywhere
July 15, 1:00 p.m. ET | From Far And Wide: Canada’s Accelerated Technology Landscape, Hosted By Global Public Affairs
Beyond just a surge of innovation, the tech sector in Canada is accelerating in growth and stature. Some of Canada’s fastest-growing and largest organizations are technology companies. Many of our legacy companies are adapting to digitization, and the need for this transition is even more urgent since the pandemic.
Legendary Canadian journalist Tom Clark will moderate the panel of speakers, which includes Nicole Brassard (Senior Consultant, Technology, Global Public Affairs), Razor Suleman (CEO, Elevate), and Perrin Beatty (President and CEO, Canadian Chamber of Commerce).
July 16, 11:00 a.m. ET | Foreign Interference Risks For Canadian Businesses, Briefing With Canadian Security Intelligence Service (CSIS)
Canadian companies need to remain competitive to both sustain our domestic capacity to produce innovative products and to be a leader in global supply chains. However, in a competitive global environment, significant risks exist for Canadian companies as countries with hostile intents seek to undermine Canada’s economic security. Although espionage and foreign interference are not new, the global pandemic has changed the dynamics of the threat environment.
The CSIS economic security division will lead the briefing on the foreign interference risks for Canadian companies and ways to mitigate those challenges. There will also be an opportunity for Q&A with participants.
How We’re Helping Canadian Business
CBRN Small Business Relief Fund Grant Spotlight: Penticton’s Hoodoo Adventures
Congratulations to Hoodoo Adventures, member of the Penticton & Wine Country Chamber of Commerce in British Columbia , for being awarded a $10,000 CBRN Small Business Relief Fund grant. “We are a community-focused company and our mandate is to give back locally. This grant will absolutely help us in our continued mission to make our area a better place to live, work and play,” said owner Lyndie Hill. Read more in the Penticton Herald.
A #TeamCanada Approach
Strengthening Community Resilience
TD Bank Group’s TD Community Resilience Initiative is allocating $25 million to help organizations engaged in the COVID-19 response strengthen community resilience today and into the future.