Foreign students spent about $23.6 billion in Canada last year and much of that income will be lost as a result of COVID-19
Some industries are obvious victims of the COVID-19 pandemic and the resulting economic downturn. Everybody knows that businesses in the travel and hospitality sector, especially at the international level, have taken a serious if not lethal blow. Even with government aid, airlines, cruise ships, hotels and tourist attractions will have great difficulty rebuilding and even…
Immediate improvements for nursing home workforce needed before next crisis hits, says U of A researcher
Canada needs to take immediate actions to ensure nursing homes are ready for a possible second wave of COVID-19, according to a University of Alberta researcher and chair of an expert working group charged with solving Canada’s long-term care collapse. “If we do nothing else, in the short and longer term, the workforce has to…
A temporary dollar-for-dollar matching program is affordable – and necessary for the health of the charitable sector
When it comes to shoring up Canada’s troubled charitable sector, we’ve heard good words. “I appreciate the need to protect the entire (charitable) sector to keep it resilient, to make sure that it thrives and doesn't collapse and comes out strong after COVID-19 is over,” federal Social Development Minister Ahmed Hussen told the Canadian Press…
Nearly half of all businesses reported an outright decline of their sales in the past 12 months because of the impacts from COVID‑19, low energy prices
Widespread negative business sentiment caused by the effects of the COVID‑19 pandemic is reflected in a sharp fall in the Bank of Canada’s Business Outlook Survey indicator, which dropped close to the trough experienced during the 2007–09 global financial crisis. “Since the previous survey, conducted before concerns around COVID‑19 had intensified but as oil prices…
Dan Kelly, President of the Canadian Federation of Independent Business, talks about the state of small business in Canada today amid the COVID crisis
On today's episode of Business Insider with Mario Toneguzzi, Dan Kelly, President of the Canadian Federation of Independent Business, talks about the state of small business in Canada today amid the COVID crisis.
35 % of post-secondary students said they no longer have a job placement or summer job this year, and 33% have lost income due to a reduction of work hours
A new poll, released Monday by CIBC, indicates that 87 per cent of post-secondary students in Canada are experiencing one or more financial concerns including how tuition and living expenses will be funded next term. The poll also found that 68 per cent indicate their income would be impacted by the pandemic, compared to 36…
In June, 20 million masks were distributed through restaurant partners, municipalities, long-term care facilities, First Nations and Metis Settlements.
The Alberta government is distributing another 20 million free non-medical masks which will soon be available at A&W, McDonald’s Canada, and Tim Hortons locations across Alberta. The government said distribution of masks through these restaurant partners will resume on July 13. In June, it said, 20 million masks were distributed through restaurant partners, municipalities, long-term…
With the loss of traditional connections and communities, businesses face a cycle of grief. How do you let go and move on?
There has been global grief recently as a result of COVID-19. Many businesses have lost their identity in the process. Uncertain how to let go of what once was, scared to move forward for fear of throwing out a previously viable vision, leaders are challenged to find their space within this new era of business.…
From suspect modelling to poor stockpiling to a lack of perspective on historic events, we failed to be ready for COVID-19
By Deborah Prabhu and Allan Bonner Where will the COVID-19 pandemic fit into history? What will be the lessons learned, if any? Our guess is we’re learning how little we did to prepare and how much we’re guessing in response as we go along. We had three pandemics in the 20th century. The Spanish Flu…
New eating and shopping habits likely here to stay as pandemic measures ease, U of A food economist predicts
Eating at home more and sticking with online delivery or takeout are habits likely to persist even as pandemic measures ease, according to one expert. “The ‘new normal’ is unlikely to be the same for retail and food service as life was in January of 2020,” when the first case of COVID-19 was reported in…
Some industries are obvious victims of the COVID-19 pandemic and the resulting economic downturn. Everybody knows that businesses in the travel and hospitality sector, especially at the international level, have taken a serious if not lethal blow. Even with government aid, airlines, cruise ships, hotels and tourist attractions will have great difficulty rebuilding and even…
