By Gabriel Sekaly On March 25th, Ontario will present a one-year fiscal and economic update, rather than a full budget, given the currently uncertain economic situation. This one-year outlook will allow transfer partners to plan their operations and for the government to table Expenditure Estimates and a… Continue Reading Potential Economic & Fiscal Impact of COVID-19 on Ontario
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As the number of COVID-19 cases in Canada surpassed 2,000, Prime Minister Trudeau announced additional measures to fight the spread of COVID-19: The Prime Minister will have a call with First Ministers this evening to discuss coordinating approaches and messaging with the provinces and territories. $192 million in new projects prioritized under the… Continue Reading COVID-19 responses accelerate ahead of First Ministers’ call
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COVID-19 has forced countries around the world to scramble together massive relief measures to protect their individual economies. If you include loans, credit guarantees, and direct aid, Spain is spending €200 billion on mitigation packages. France another €300 billion. The United Kingdom unveiled £330 billion. President Donald… Continue Reading COVID-19 Relief: How Ontario Can Stay Open for Business
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Prime Minister Trudeau made three key announcements: Confirmed the closure of the Canada/US border to non-essential travel as of midnight tonight Introduced Canada’s Plan to Mobilize Industry to fight COVID-19, providing support to mobilize Canada’s industrial base and innovators to meet demand with domestic production and leveraging… Continue Reading Federal Plan Mobilizes Industry to Combat COVID-19
Read more →In addition to the measures announced over the past 48 hours, federal, provincial and territorial governments demonstrated they are moving quickly to find ways to mobilize private sector resources to fight COVID-19 while ensuring the basic needs of Canadians are met. This means opportunity for the private… Continue Reading COVID-19: Governments Move Quickly in the War on COVID-19
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This afternoon, Ontario Premier Doug Ford and key ministers Christine Elliott and Rod Phillips held a press conference, providing updates on the province’s COVID-19 response and reaction to today’s federal economic relief package. Today’s briefing was largely designed to reassure, communicate with transparency, and let people know… Continue Reading Ford and Key Ministers Update Province on COVID-19
Read more →Recognizing the challenges faced by businesses and workers in the face of the COVID-19 response and uncertainty in the global economy, the federal government announced a combined $82 billion support package for the Canadian economy – more than 3% of Canada’s GDP. The latest package includes $27… Continue Reading The Federal COVID-19 Economic Response Plan
Read more →World capital markets reacted to the March 11 pandemic declaration by the World Health Organization with shock. Most eyes are on equity markets suffering the worst single-day declines in decades, but domestic and international credit markets are where the greatest economic danger is in the short term.… Continue Reading Helping Businesses Remain Solvent During COVID-19
Read more →The Prime Minister provided another briefing today, followed by what will now be a daily briefing by Ministers. Prime Minister Trudeau spent much of his press conference reinforcing the need for social distancing, noting the need for Canadians to stay at home. He noted the closure of… Continue Reading COVID-19: Federal Economic News Expected Soon
Read more →Ontario Premier Doug Ford has declared a state of emergency in Ontario to enhance social distancing measures to slow the spread of COVID-19. It has become clear in media reports that many bars and restaurants were remaining open and that many individuals were not staying away from… Continue Reading Ford Declares State of Emergency in Ontario
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