OTTAWA — The Canadian Chamber of Commerce has published a document it calls a Roadmap to Recovery, with 51 recommendations to pull the Canadian economy of out a recession.
The document identifies nine challenges Canada faces: getting Canadians back to work; keeping supply chains and people moving; managing debt and deficits; navigating global fragmentation; adopting technology and innovation; ensuring a resilient resource sector; planning for SME business continuity; strengthening public health infrastructure; and rethinking government’s role and priorities.
“Canada, and the world, have deep economic wounds that require a dedicated plan to make sure we get out of this crisis. Governments must be as agile and determined in pursuing economic growth as it has been in responding to the virus. Our response must rise to the measure of the challenge before it,” said Perrin Beatty, president and CEO of the chamber, in a June 4 statement.
The Roadmap to Recovery was developed in partnership with the Canadian Business Resilience Network’s network of 450 chambers of commerce and boards of trade and 100 business and industry associations.
The statement says Canada must prepare to transition away from a subsidy-based crisis response toward economic stimulus and getting Canadians back to work, while ensuring their health and safety. Business investment that will create jobs and generate revenues is required, the chamber says.