Task Force for Real Jobs, Real Recovery to create blueprint for post-pandemic prosperity
by CM Staff
The Task Force will complete its package of policy measures by the end of July
VANCOUVER, BC — On July 13, the Task Force for Real Jobs, Real Recovery launched to draw up a blueprint for Canada’s economic recovery as the country emerges from the COVID-19 crisis.
A group of 20 expert advisors have been appointed to help develop and communicate a forthcoming set of policy recommendations for rebuilding Canada’s economic prosperity.
Together the Task Force represents over a quarter of a million businesses and over 3 million workers across Canada.
The Task Force is being convened by Resource Works, a not-for-profit organization committed to the development of Canada’s resources in a manner that is inclusive of Indigenous peoples and maintains a clean and healthy environment.
Resource Works Executive Director Stewart Muir said Canada has to keep its competitive edge to create jobs in the post-pandemic recovery.
“Canada must not only maintain our competitive advantages, but also actively leverage them in the recovery effort,” said Muir in a prepared statement. “Chief among these is our capacity to produce low-emissions natural resource commodities under robust environmental, social and governance conditions. These are key components of a broader resource ecosystem that is the engine of Canada’s future.”
The Task Force will complete its package of policy measures by the end of July, at which time it will present its recommendations to key federal government decision-makers, as well as to the Industry Strategy Council, a federal initiative launched in response to the economic effects of COVID-19.
“Government leaders have been asking for ideas, and we are responding,” said Muir. “Resource industries are rising to the challenge of articulating a future that shows they understand society’s high expectations and are providing meaningful solutions.”
Statistics Canada reported that the Canadian economy shrank 11.6% in April—the largest monthly drop on record. That followed a 7.5% contraction in gross domestic product in March. Both will result in lost tax revenue to a government that badly needs it.
Finance Minister Bill Morneau’s recent fiscal snapshot showed the federal government’s deficit is expected to hit $343 billion this year.
Related: Liberals foresee high unemployment, $343B deficit due to COVID-19
As a result, job growth will likely be uneven and slow, while whole sectors will remain effectively mothballed, maybe well into 2021.
“Together, we are laying the foundations of a new era where Canada’s innovative natural resource sector leads the way to a return to prosperity,” says Muir. “We can’t simply return to ‘Business as Usual.’ We need a proactive, dynamic and positive approach that empowers Canadians in the short- and long-term.”
