Today’s Top Story
Grim holidays for food service and accommodation workers: stats show layoffs are nearly double other sectors
New data published by Statistics Canada in the Canadian Survey on Business Conditions (CSBC) reveals that businesses in the food service and accommodation sectors have laid off staff at nearly double the rate of other businesses (62.1% versus the national average of 36.5%). Worryingly, this places restaurants and hotels 15 points worse-off than any other industry.
Last Chance to Register for Western Executive Summit
We are excited to announce that Clare Dai, Head of Tax, BlackRock Canada; Dean Landry, National Tax Lead, PwC Canada; Michael Munoz, Vice President, Tax, Suncor; and Pamela Cross, Partner, BLG will all be featured speakers on our Harnessing Canada’s Tax System for Recovery panel at our upcoming Western Executive Summit. Moderated by Patrick Gill, our Senior Director, Tax and Financial Policy, this panel will build on the work and discussions surrounding our Think Growth project and will explore how Canada’s tax system can be harnessed for inclusive recovery and growth for Canadians and businesses of all sizes.
The summit will also include a fireside chat with Honourable Jean-Yves Duclos, President of the Treasury Board. They will discuss how regulatory reform and transportation and infrastructure can drive economic growth. Registration closes on Monday, November 23 at 12:00 p.m. ET.
For Your Attention
The Business of Business with the Canadian Association of Petroleum Producers (CAPP)
In our latest Business of Business, our President and CEO, Perrin Beatty, sits down with CAPP President and CEO Tim McMillan, to discuss the COVID-19 pandemic and the impact it has had on Canada’s energy sector, how the energy sector can drive a business-led recovery and what he sees as the path forward.
Canada’s women need help now: COVID’s harmful impact on working women
Business leaders from across the country are increasingly concerned about the critical impact COVID-19 continues to have upon working women and the resulting productivity loss within businesses owned by or employing them. The sentiment has been a stubbornly recurrent theme when business leaders meet, as over more than 900 did during our Annual General Meeting last month. Our Council for Women’s Advocacy has been more aggressively sounding the alarm bell.
Five Things Companies Should be Thinking About NEXT, with NATIONAL
In a year where “unprecedented” has truly lost all meaning, how should organizations approach crisis planning? NATIONAL has worked with countless organizations to plan, develop and test crisis communications plans leading up to 2020. Eight months ago, had you suggested a worst-case scenario that saw entire countries in lockdown, strained medical systems around the world and global-scale economic downturns and uncertainty, NATIONAL might have suggested that your test case crisis scenario was too extreme and far-fetched. However, here we are facing a real crisis that is so extreme it did not even make the list of possible planning scenarios.
Take part in the OECD Global Forum on Productivity survey
We are the lead organization for the business advisory group to the Organization for Economic Co-operation and Development (OECD). The OECD is seeking to understand the experience and future expectations of companies regarding telework or working from home and is undertaking a survey of companies through the OECD Global Forum on Productivity. The Global Forum is producing recommendations for governments to promote productivity-enhancing policies. The deadline is December 4.
New Telecommunications Funding Opportunity
Innovation, Science and Economic Development Canada is seeking to develop a solution that will extend the range of wireless terrestrial backhaul links, while being cost-efficient without sacrificing reliable high speeds.
By the numbers: a deep dive on how restaurants and hotels are faring amid COVID-19
Data recently released by Statistics Canada and analyzed by our team underscores the dire situation these businesses are still facing. From lower revenue and more expenses, to the highest number of businesses with layoffs and the lowest liquidity levels, there is an urgent need for targeted support.
Government of Canada: Consultation on proposed Pay Equity Regulations
Of interest to those in federally-regulated workplaces, consultations are open until January 13, 2021. Any questions / comments, please contact Leah Nord.
Free Upcoming Events
November 25, 1:00 p.m. ET | Cannabis Roundtable: Retail, economic development and environmental sustainability
Join us as we discuss an industry-led review of the Cannabis Act to provide recommendations on how the government should improve Canada’s federal legislative and regulatory frameworks for cannabis.
This discussion will focus on:
- Economic Develop
- Environment Sustainability
November 30, 11:00 a.m. to 12:00 p.m. ET | Hospitality and Alcohol Industry Survival and Competitiveness through COVID-19
Canadian restaurants, pubs and bars have been devastated by the impacts of COVID-19, with more of these businesses closing their doors permanently every day. The effects of lockdowns and closures extend far beyond these businesses, as Canada’s beverage alcohol industry has seen a collapse in bar and restaurant sales of their products. While restaurants and bars fight for their survival, they must also contend with Canada’s rising alcohol taxes, which are already among the highest in the world. This tax burden is scheduled to increase again in 2021 because of the alcohol escalator tax, which raises alcohol taxes on April 1 every year.
Join our discussion with industry leaders:
- Larry Isaacs, President, Firkin Group of Pubs
- Peter Watts, Managing Director, Canadian Malting Barley Technical Centre
- Michael Brennan, Chief Executive Officer, Great Western Brewing Company
- Marc Valencia, General Counsel, Corporate Secretary and Vice President, Public Affairs, Corby Spirit and Wine Limited
The discussion will focus on what the industry is doing to survive the pandemic and what Canada can do mitigate the impacts of COVID-19 on restaurants and bars while improving the competitiveness of breweries, wineries, distilleries and all of the agricultural and other supply chain members that contribute to this industry.
December 1, 1:00 p.m. ET | Successfully Managing Your Workplace During a Global Pandemic, with Sherrard Kuzz LLP
Canadian businesses are facing unique challenges in managing through COVID-19. Including issues related to:
- health and safety
- increased absenteeism
- work refusals
- accommodating human rights
- implications of a vaccine
- workplace restructuring
This session will provide employers with practical tips and tools to address these issues when they arise and to minimize related legal liability as they move into 2021. This webinar will be led by Priya Sarin, Partner at Sherrard Kuzz LLP, a leading Canadian employment and labour law firm.
December 7, 1:00 p.m. ET | The Role of Foreign Investment in Canada’s Economic Recovery
Foreign investment plays a critical role in the Canadian economy by supporting domestic jobs and the creation of physical and knowledge capital across a range of industries. Attracting foreign capital is critical to supporting our economy’s recovery from COVID-19. As Canada competes for capital investment against other countries, it is essential for us to offer a competitive market that makes a compelling business case for companies and investors. How do we do this? Join us December 7 for the conversation.
December 10, 1:00 p.m. ET | Supporting Local Business; Essential to our Economy and Communities, with CWB
To coincide with Canadian Western Bank’s (CWB) newest full-service banking centre and first physical location in Ontario, we are partnering with the Ontario Chamber of Commerce (OCC) and the Mississauga Board of Trade (MBOT) to host a discussion on the realities facing small business and how we can work together to support local through the pandemic and into recovery.
You will hear from Chris Fowler, President and CEO, CWB, Mark Stafford, Vice President and District Manager, CWB, David Wojcik, President and CEO, MBOT, Rocco Rossi, President and CEO, OCC and our President and CEO, the Honourable Perrin Beatty, PC, OC. Do not miss the opportunity to participate in the discussion!
A #TeamCanada Approach
Supporting Local: Arterra Wines Canada partners with restaurant industry leaders during COVID-19
Arterra Wines Canada is committed to working with restaurants to help them thrive, rebuild the economy and revive neighbourhoods. Since March 2020, they’ve raised more than $165,000 to help restaurants and there’s more to come.