Billions are being spent on economic recovery. How can Canada maximize the public return on this investment?
On Wednesday, Finance Minister Chrystia Freeland set the stage for a fall fiscal and economic update that will include “targeted, carefully thought-out investment on a meaningful scale” in response to COVID-19.
Canada’s governments have already spent hundreds of billions, and they’ll spend billions more in their bid to build back better and deliver on the promise of a future economy that is resilient, inclusive and equitable.
The size of this challenge is undeniably massive. But so is the opportunity to rethink the role of governments in shaping our economy, and the role of businesses in benefiting society.
A keystone of the “build back better” strategy should be collaboration between governments and businesses.