Search results
Jan 7, 2007 · More than 16 million cases of COVID-19 were confirmed between April and July of this year, there were nearly 630,000 related deaths, and the world’s richest people got about $2 trillion richer.
Feb 28, 2023 · Six COVID-19 relief laws enacted in 2020 and 2021 provided about $4.6 trillion of funding for pandemic response and recovery. As of January 31, 2023, the most recent date for which government-wide information was available, the federal government obligated a total of $4.5 trillion and expended $4.2 trillion, or 98 and 90 percent, respectively ...
- Faster Is Better
- Too Little, Too Late?
- A Manageable Deficit — So Far
- The Plight of The Provinces
- The Hunt For Exit Strategies
- Building A 'Better' Economy
Washington's epic level of political dysfunction slowed its response to the crisis. The consequences of that delay show up in a comparison of unemployment numbers. As 2019 drew to a COVID-oblivious close, Canada's unemployment rate was significantly higher than that of the U.S. (5.6 per cent vs. 3.5 per cent). Today, after staggering job losses on ...
Kelly and the CFIB argued that while the need to get the CERB program moving in the early weeks of the pandemic was obvious, Ottawa also should have started on a wage subsidy earlier — to preserve a "connection between employers and employees" that would prevent layoffs and ensure a smooth return to normal business once pandemic restrictions lift. ...
Hindsight is 20/20, of course — but even the experts can't predict the pandemic's economic endgame. Tombe said Canada entered the pandemic with the key advantage of healthy public accounts, at least at the federal level. "The ability of the federal government to borrow and to service that debt is actually quite high," he said. "Couple that with the...
The situation is far less reassuring for the provinces, said Tombe. "Interest rates for provinces are typically about one percentage point higher than [for] the federal government. So deficits and debt are more expensive for them," he said. "Provinces are also the front line in terms of health care delivery and managing this current crisis. So ... ...
Tombe said he thinks the provinces risk missing the lesson — "that they need to think long-term and ensure they have the capacity to absorb major shocks." With attention now turning to a pandemic exit strategy, the federal government will face competing demands for support and stimulus from different sectors of the economy. Tombe said it's vitally ...
"Rather than just saying we've just got to put things back the way they were, this is actually an opportunity to build back better," said task force member James Meadowcroft of Carleton's School of Public Policy and Administration. While the group is only halfway through forming its recommendations, said Meadowcroft, it's already identified one tar...
Dec 11, 2022 · The government has so far recovered approximately $2.3 billion from recipients who were ineligible, but the auditor questioned whether the Canada Revenue Agency's plan to review payments was...
Nov 19, 2022 · Thousands of Canadians who received federal COVID-19 emergency benefits for which they weren't eligible — including the $2,000-per-month Canada Emergency Response Benefit (CERB) and the...
Dec 28, 2022 · In a year-long investigation, The Washington Post followed the covid money trail to figure out what happened to all that cash. Here are our key findings.
Mar 24, 2021 · This article highlights changes in the pace of the economic recovery as tighter COVID-19 containment measures came into effect in late 2020 and early 2021. It provides an integrated analysis of recent changes in output, household spending, business investment, and international trade.
