What does a post-pandemic economy look like? Health researchers are indicating that managing this virus will be a long-term game.
That means COVID-19 will impact the economy for months, maybe years, but reopening businesses cannot wait until the virus is completely eradicated.
Estimated lost wages from the locked-down Canadian economy range between $3 billion to $6 billion per month. Many Canadians are worrying about more than infection; concerns about affording rent and everyday necessities are pervasive.
Restarting businesses is not only important for the social well-being of Canadians but also for restoring investor confidence in the market and generating much-needed tax revenue.