The COVID-19 pandemic has hurt businesses large and small. As Canada struggles towards a recovery, Yahoo Finance Canada presents CRISIS MANAGEMENT, with policy expert Sean Speer from the Public Policy Forum. Each episode Sean and host Alicja Siekierska dig into the challenges Canada’s economy and industry face, and the policy that could support or delay a recovery.
After months of increased pressure on the province, the Ontario government unveiled a program this week that will allow workers to take three paid sick days through the COVID-19 pandemic. Employers will be required to pay workers up to $200 per day for up to three days, and the province will then reimburse the companies for those sick days. The program is much needed, says Sean Speer, fellow in residence at the Public Policy Forum. On this episode of Crisis Management, he explains why businesses should be facing similar pressure that was placed on the province to introduce paid sick leave. "It's good that we've finally seen this come out of the provincial government, but bad that we haven't seen more employers commit to take this one," he said.
Yahoo Finance Canada presents CRISIS MANAGEMENT, a livestream show on the Canadian economy that builds a crisis playbook during COVID-19 times and beyond.
Prime Minister Justin Trudeau's Liberal government presented its first budget in more than two years this week. It's a plan that includes more than $101 billion in new spending over the next three years aimed at getting Canadians out of the third wave of COVID-19, as well as kicking off a post-pandemic recovery. But Sean Speer, fellow in residence at the Public Policy Forum, says "this is not your run-of-the-mill federal budget." On this episode of Crisis Management, Speer explains that the budget may represent a new framework for governance and policymaking in Canada, one that goes beyond the short-term response to the extraordinary crisis that is the COVID-19 pandemic. Speer argues that the budget shows there is a new way of thinking when it comes to policy, represented by the Trudeau government, that is less concerned about spending, deficits and the size of government.