Page 45 - Jack Mintz News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Article content As Alberta returns to a third lockdown, it’s hard to imagine a time when we will be back to normal. The premier says weeks; Dr. Deena Hinshaw says months. People keep telling me they keep watching for the headlines that say, “It’s over.” If you haven’t had a chance to talk to people about what life looks like post-COVID, you should check out the Advantage Alberta seminars hosted by Postmedia. I had the opportunity to moderate one last week with Jack Mintz, the chair of the Alberta Economic Recovery Council; Dave Filipchuk, president and CEO of PCL Construction; and C...

Article content If I were finance minister, I’d be asking myself the following question: With a recovery just getting going following a deep recession, should I act like Marc Lalonde in 1983 or Paul Martin in 1994? Or should I chart my own course? Lalonde’s 1983 budget followed a severe recession in 1982 that resulted in a deficit of $25.3 billion for the fiscal year 1982-83, equivalent to eight per cent of GDP or $61.9 billion in today’s dollars. His response? Allow an even larger deficit! Fully $31.2 billion for 1983-84 (or $76.3 billion in $2021). Lalonde’s philosophy? “I set out...

The lessons Canada needs to learn from COVID-19 will cost scads of money — and money may be tight for some time yet

Article content More than six years into an economic slump, Albertans have plenty of reason to believe the tide is turning, a panel of business leaders said Wednesday. While challenges magnified by the pandemic remain, the province’s underlying human strengths, rising oil prices and the gathering momentum of diversification bode well, said a trio of business experts on Postmedia’s Advantage Alberta panel. We apologize, but this video has failed to load. Try refreshing your browser, or Resilience through strengths a way out of Alberta's economic slump: experts Back to video “We’ve go...

Article content When it comes to woke corporations, no Canadian institutions can match Canada’s big banks. Pick a subject dear to the trembling hearts and scheming minds of stakeholder capitalists and you will find that the banks are all over it — racial and gender diversity, climate and carbon issues, social responsibility, net-zeroism, charitable giving, COVID guidance. In the upper echelons of the bank towers of our major cities, bank executives have moved in on these areas as part of their mission to provide Canadians with “thought leadership.” Where once we all went to banks for ...