Today’s Top Story
Sign Up For A Free Break Box From Workplace Strategies For Mental Health, Compliments Of Canada Life
Taking breaks can help us make decisions, stay focused, retain information and increase creativity. We’ve partnered with Workplace Strategies for Mental Health, compliments of Canada Life, to offer free Break Boxes to businesses and employees across Canada. These practical, educational kits are filled with individual and team-based activities designed to promote positive mental health at work and at home. Sign up to receive your free Break Box while quantities last!
For Your Attention
Statistics Canada Releases Second Quarter 2020 Financial Statistics For Enterprises
In the second quarter, Canadian corporations reported a decline of 8.0% in net income before taxes, a decrease of $4.5 billion, to $52.3 billion. Operating revenue declined 11.6% to $940 billion during the quarter, with the decrease amplified by compounding weeks of confinement followed by a gradual reopening. These numbers reflect the very serious challenges that Canadian businesses are facing and underscore the need for a pro-growth agenda.
Aluminum Tariff Countermeasures Consultation
In response to the United States’ tariffs on Canadian aluminum, the federal government has launched a consultation on proposed retaliatory tariff measures. Given the impact on Canadian businesses, we will be holding a briefing with Finance Canada officials on Tuesday, September 1 at 2:00 p.m. ET. If you are interested in participating, please contact Mark Agnew.
Temporary Immigration Policy Change Will Allow Visitors To Apply For A Work Permit Without Leaving Canada
Visitors who are currently in Canada and have a valid job offer will be able to apply for an employer-specific work permit and, if approved, receive the permit without having to leave the country. The temporary change comes into effect immediately. Foreign nationals who arrive in Canada as visitors after August 24 are not eligible under the policy.
Fish Harvester Benefit And Fish Harvester Grant Now Open For Applications
On August 24, the Fish Harvester Benefit and Grant Program opened to self-employed fish harvesters wishing to apply. The application period is open from August 24 to September 21, 2020. The Fish Harvester Benefit offers income support to self-employed fish harvesters and shareholders. The benefit covers up to 75% of income losses beyond a 25% threshold for the 2020 tax year when compared to 2018 or 2019. The maximum benefit is $10,164. The Fish Harvester Grant is a non-repayable grant to self-employed fish harvesters with a valid commercial fishing licence in 2020. The grant provides a maximum non-repayable support of up to $10,000, dependent on the level of the fish harvester’s historic fishing revenue in 2018 or 2019.
Free Upcoming Webinars
August 27, 1:00 P.M. ET | Building Digital Capacity And Business Resilience During COVID-19, With TC Energy
Digital innovation was the foundation that enabled TC Energy’s employees to remain productive, collaborative and connected in the wake of the pandemic. Embracing change allows organizations to accomplish things that didn’t seem possible and unlocks creativity and innovation, inspiring and motivating people to realize untapped potential and deliver outstanding business outcomes to build business resilience.
Join Chris Foster, Vice-President of Information Services and Chief Information Officer with TC Energy, as he discusses building digital capacity and business resilience during the COVID-19 pandemic.
September 10, 12:30 P.M. ET | Presentation And Q&A With Tiff Macklem, Governor Of The Bank of Canada
We are hosting the Governor of the Bank of Canada, Tiff Macklem, for the Bank of Canada’s Economic Progress Report. The event will take place on September 10 at 12:30 p.m. ET and will be broadcast on the Bank of Canada’s website.
Our members have the exclusive opportunity to participate in the event by videoconference and submit questions to the Governor.
Our member chambers and associations are welcome to promote this event to their members.
*For members of the Canadian Chamber of Commerce’s network only.
How We’re Helping Canadian Business
Leveraging The SDGs To Achieve A Sustainable And Competitive Canadian Economy Post-COVID-19
August 26 and September 1 | 1:30 p.m. – 2:30 p.m. ET
We have partnered with Competent Boards and Global Compact Network Canada to engage board members and executives delivering the 2030 Agenda for Sustainable Development through a series of online panel discussions. This project is funded in part by the Government of Canada’s Sustainable Development Goals (SDG) Funding Program.
A #TeamCanada Approach
Our member Pfizer Canada has launched a virtual fitness program to allow its employees and their families to stay healthy and to adapt to the new reality of working remotely. Pfizer Canada has also made significant donations to front-line community organizations, including United Way, the Canadian Red Cross, West-Island Community Shares, Breakfast Club of Canada, Fondation CHU Sainte-Justine, Centre for Addiction and Mental Health (CAMH), Help Age Canada and Fondation Petits Frères des Pauvres.