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Why manufacturing hasn’t returned to Canada
A new report from RBC Economics says that although pandemic disruptions led to growing calls to bring some manufacturing back to Canada – a process known as reshoring – “there’s little evidence of supply chains returning to Canadian soil.” The report by senior economist Josh Nye said that factory construction fell to a decade low in Canada, and that domestic production is only surpassing imports in areas in which Canada is already a dominant player. The Public Policy Forum’s Sean Speer says if Canada wants to get serious about reshoring, governments will have to use policy tools to bring manufacturing back within our borders. “A reshoring agenda can’t be passive. If left to its own devices, the market will continue to push production to lower cost jurisdictions,” Speer said. “It’s going to require action on the part of Ottawa and the provinces if that’s something we want, and I happen to think it’s something we should be pursuing.” If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.
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Long-term solutions needed for Ontario's healthcare system
Several hospitals in Ontario closed emergency departments last weekend due to a severe staffing shortage. In Premier Doug Ford’s throne speech this week, the government said it is working with stakeholders to identify possible solutions to ease the pressure facing the healthcare system. “Your government is actively engaging with health-system partners to identify urgent, actionable solutions and will implement whatever measures are needed to help ease immediate pressures,” Lt.-Gov. Elizabeth Dowdeswell said in the throne speech delivered on behalf of the Ford government. While the immediate issues facing the healthcare system, such as temporary emergency department closures, need to be addressed, the Public Policy Forum’s Sean Speer said the government must also focus on the long-term, structural problems in the system. “We know because of aging demographics, pressure on our healthcare system is only going to grow,” Speer said. “It’s going to require more than a short-term push if we’re going to ensure not just that these emergency rooms reopen in the short term, but that they are actually capable of serving patients over the long term.” If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.
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Editor’s Edition: Fixing the vulnerabilities exposed by COVID-19
The COVID-19 pandemic exposed many vulnerabilities across the institutions and industries key to our society, including long-standing structural challenges within the Canadian healthcare system. In the post-pandemic recovery, many of those challenges have not gone away and have, in fact, been exacerbated by severe staff shortages, particularly in Ontario, where several hospitals have had to close departments due to a lack of staff. On this episode of Editor’s Edition, the Public Policy Forum’s Sean Speer and Yahoo Finance Canada’s Alicja Siekierska discuss the ongoing challenges in the healthcare system and how policymakers should address these issues. “The emphasis on addressing these short-term challenges needs to be matched by a kind of similar level of ambition about the need to address these longer term, structural problems,” Speer said. “We know that because of aging and demographics, the pressure on our healthcare systems is only bound to grow.” They also discuss why re-shoring has yet to happen in Canada, why the government has fallen short on providing some basic services, and how airlines should be dealing with consumers when it comes to cancellations and delays. If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.
