We recently asked our research staff and senior fellows for their thoughts on how Canada’s experience with COVID-19 and the related recession might permanently—at least the next five years—affect Canadians and our economy. In total, we received 19 submissions. Find below the final submissions as selected by our team (after adjusting for duplicates in certain areas such as trade and savings).
COVID
April 30, 2020
10:25PM
For now, the new wage subsidy program will cost $71 billion.
March 31, 2020
4:08PM
In response to the COVID crisis, Parliament granted sweeping powers to the finance minister.
March 30, 2020
1:47PM
Once you adjust for inflation and population growth, Alberta’s economy barely grew at all between 2008 and 2018.
March 30, 2020
1:31PM
Default risk and exchange-rate risk increase for foreign lenders as they increase their holdings of any government’s debt.
March 30, 2020
9:36AM
Provincial government debt-service costs are set to reach $13.2 billion this year.
March 27, 2020
4:03PM
High regulatory and severance costs alongside legislative uncertainty will exacerbate an already bad situation.
March 27, 2020
2:50PM
Effectively, the CERB will now cost $40 billion, up from $15 billion.
March 27, 2020
10:05AM
Letting the price of scarce goods rise forces us to use the limited supply of the good for the most important purposes.
March 26, 2020
12:59PM
When we learned that the first cases in Canada were from overseas flights, no measures were taken to screen passengers from infected areas.