Today’s Top Story
New Federal Supports For Business
On October 9, the Government of Canada announced additional supports for businesses affected by COVID-19, including targeted support specifically for the hardest hit businesses. We think the announcement is promising, however it falls short of some of our recommendations. The new supports include a 65% wage subsidy to December, a new rent support program and an expansion of the CEBA. Technical details on a number of fronts are yet to be released. We have called for programs to be implemented on an immediate basis.
For Your Attention
Applications Open: Canada Recovery Benefit
The CRB is one of three programs that replaced the now-closed CERB. The CRB gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits. The CRB is administered by the Canada Revenue Agency.
ISED’s AI Public Awareness Working Group Includes Our Ulrike Bahr-Gedalia; Resumes Work
As part of Innovation, Science and Economic Development Canada’s (ISED) artificial intelligence efforts, the AI Advisory Council established the Public Awareness Working Group. The working group is exploring ways to boost public awareness and trust in AI. The group includes Ulrike Bahr-Gedalia, our Senior Director of Digital Economy, Technology and Innovation. The group had paused work during the pandemic but is now underway again.
RBC Experts Offer Advice To Business Owners
When COVID-19 hit, the federal government worked quickly to get relief measures in place to help Canadian businesses manage through this difficult time. Since March, many businesses have taken advantage of the programs available. But what happens when the relief ends? RBC experts offer advice to business owners in a recent Q&A blog post.
Free Upcoming Events
October 20: 1:00 P.M. ET | A Vision For A Thriving Canada In 2030, With Deloitte
The challenges of COVID-19 have shone a light on our resilience as a nation, but have also exposed an unsettling reality: Canada was not on a path to a promising future where all Canadians have the opportunity to participate and thrive. To be a nation that is prepared for shifts in the workforce, economy and society, resetting our path requires bold action and innovative collaboration between all levels of government, businesses and communities.
Join Deloitte Canada’s Anthony Viel, Managing Partner and Chief Executive, and Georgina Black, Managing Partner, Government and Public Sector, to discuss the actions Canada must take to stop our economy from settling back into its pre-pandemic path and, instead, create a better Canadian society for all by 2030.
October 22: 1:00 P.M. ET | Strengthening Trade And Transportation Networks For Long-Term Prosperity, With Canpotex
From rail strikes to rail blockades to pandemics, Canada’s transportation and trade networks have faced significant challenges in the last year and beyond. These disruptions have highlighted vulnerabilities in almost every industrial supply chain, both global and domestic. Even beyond these challenges to supply chain reliability, Canada faces barriers to economic growth due to the ongoing need for a long-term vision around trade-enabling infrastructure.
November 3 & 24 | Executive Summit Series
Our Executive Summit Series brings together senior executives and thought leaders for a dialogue on top issues affecting Canadian business.
Our Eastern event, taking place online on November 3, features a discussion with former Prime Minister the Right Hon. Paul Martin and panels on the post-COVID-19 economy and the impact of the pandemic on the future of talent.
Our Western event, taking place on November 24 will feature the Hon. Jean-Yves Duclos, President of the Treasury Board, and panel discussions surrounding Canadian transportation and trade.
How We’re Helping Canadian Business
The State Of The Pandemic Economy: Harvard Club Webinar Featuring Our Dr. Trevin Stratton
The economy has entered a new phase of the pandemic as the second wave arrives in various parts of the world and Canada and new restrictions are put in place. Using the latest global and national data, Dr. Trevin Stratton, our Chief Economist and Vice President, Policy, will analyze what this means for the state of our economy. He will take us through how far we have come, where we are right now and what are the future projections for our economic prospects, including the long-term economic policy implications of COVID-19. The event is October 29 at 7:00 p.m. ET.
COVID-19 Infection Control For Your Business
TruShield, our trusted Essential Business Services (EBS) insurance partner, has launched an on-demand webinar to help businesses understand COVID-19 exposures and workplace infection control best practices as a well-designed infection control protocol is important for the health and safely of workers and customers.
All participants will receive an online certificate upon completion of the course that can be posted on-site and shared with clients to demonstrate their business’s ongoing commitment to health and safety.
A #TeamCanada Approach
Canada Has A Unique Opportunity To Hit The Reset Button
As Canadians across the country work to regain a sense of normalcy, we know that things will never quite be the same. But that can be a good thing because it provides a rare opportunity to truly hit reset—as an economy and as a society. Read more in our latest CBRN blog with Guy Cormier, President and CEO of Desjardins Group.