Prime Minister Justin Trudeau recently announced that he would be seeking the advice of former Governor of Bank of Canada Mark Carney to help craft a COVID-19 recovery plan. However, MLI Senior Fellow Philip Cross expresses his concern that this economic plan still will leave businesses struggling as Canada tries to recover from the shocks of COVID-19.
That “very few businesses took up the wage subsidy or rent program or any of the other programs [tells me] that those programs to businesses were not generous enough,” explains Cross.
Cross explains that the government’s response to this crisis has left many Canadian businesses unsupported and what the future holds remains uncertain.
