RESOURCE WORKS -- Once this crisis is over, our federal and provincial governments will be faced with difficult decisions about spending and stimulus
Stewart Muir and Margareta Dovgal look at emerging ideas for a strong recovery from the pandemic ... A recent paper from David Williams of the Business Council of British Columbia points to Canada's nagging inability to improve living standards for its residents. Comments Williams: " Once the COVID-19 crisis has passed, it will be important for policymakers to start addressing the inefficiencies and disincentives in Canada’s economy that have been holding back productivity growth and the spirit of innovation." He points to five long-term priorities that will allow for a stronger economy in the recovery phase: Modernizing the tax system Delivering certainty and timeliness in regulatory processes Reducing inter-provincial trade barriers Invigorating competition in product markets Spurring business innovation and capital investment. For those preoccupied with the natural resource economy, all five of ...