Interesting points about Ottawa's conditions for making loans under this program, including spending no-nos, environmental tie-ins, and government acquisition of equity--not the "favourable rates and conditions" (in the words of one commenter) that corporate capitalism wants, I guess. Where will Trudeau and Morneau go on this? - Gene McGuckin
Long layoffs mean employees lose the right to return to their jobs and businesses face big severance costs.
At 57, Darcy Dawson figured his job as a server in the restaurant at the Holiday Inn and Suites in downtown Vancouver would be his last before retirement. Then the COVID-19 pandemic arrived and Dawson became one of the 400,000 people in the province thrown out of work.
The pandemic has shown the need to decommodify key sectors like housing
An “acronym soup of emergency benefits” — as economist David Macdonald puts it — has rolled out in Canada over the past two months. For many, it’s been tough to keep track of all the economic measures implemented since Canada’s response to the COVID-19 crisis began in mid-March.
[Not only are existing pensions too few, too poor, and/or facing increased downward pressure with repeated stock market crashes, but some of our pension funds actually invest in high objectionable businesses. Another needed element of a "green recovery"....Gene McGuckin]
