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Canadian Outlook Summary Spring 2020

Canada’s economic growth ground to a halt in the fourth quarter of 2019. With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a collapse in oil prices have brought the country to the brink of recession.

Report
Focus Area—Canadian Economics

Addressing the causes of Indigenous vulnerability to pandemics—not just the symptoms

Many have rightfully called for decisive government action to ensure that Indigenous communities have essential resources to respond to COVID-19. In response to the immediate needs of First Nations, Inuit, and Métis communities, the federal government announced $305 million for a distinctions-based Indigenous Communities Support Fund. Only time will tell how effective the fund will be in empowering communities to deal with the crisis.

Blog

Bank of Canada introduces wide range of measures to limit economic damage

The Bank of Canada this morning cut interest rates. It also announced new programs to purchase debt from municipal governments, provincial agencies, and corporations, and to make large buy-backs of Government of Canada debt. The buy-back program in particular is an important step and indicates that the Bank is moving beyond traditional monetary policy to more extraordinary measures.

Quick-take

Maintaining Morale Now and Into the Future

If you are a leader, you now also have to take on the role of “chief morale officer.” With your people working remotely and the current climate of fear around health and finances, a top priority for you as a leader is to keep your people motivated and feeling as good as they can about the work they do for you.

Blog