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Powering a Strong Recovery: An Economic Growth Plan for Canada
The COVID-19 pandemic is a once-in-a-lifetime health and economic emergency that has exacerbated longstanding structural weaknesses in economies worldwide. Policymakers therefore face a dual challenge: They must lay the foundation for a safe and sustainable recovery while at the same time, put in place a long-term plan for economic growth and prosperity for their country. The authors, executives with the Business Council of Canada, argue that the Canadian economy will recover best by focusing on three elements: people, capital and ideas. The tools the authors offer include a new approach to infrastructure; keeping taxes competitive; and getting better at commercializing research.