Daily Roundup: Sept 2, 2020

Daily Roundup: Sept 2, 2020

September 02, 2020

In today’s Globe and Mail, Campbell Clark suggests that Erin O’Toole is misguided to question the government’s approach to CERB and the Federal Wage Subsidy. It is an interesting take, but I do think it is always important to keep the government accountable, especially one that has a record of ethics violations and corruption. Regardless of whether or not the wage subsidy should have come before CERB, what we do know is that Canada’s finances are in desperate need of adult supervision. I think that Erin O’Toole and the CPC can, and should, be the watchful eye that ensures our debt doesn’t become insurmountable.

On that note of a watchful eye, Erin published a fantastic op-ed in the National Post today about Canada’s relationship with China. I highly recommend reading this piece. It is quite timely and clearly outlines why Canada needs to recalibrate our relationship with China.

Another growing trend worth mentioning is the threat of inflation. Jack Mintz cautioned against higher inflation in today’s Financial Post. I think that this is going to be a hot topic moving forward, especially as folks start to question how the Consumer Price Index basket is calculated.

On a more positive note, former Minister and Interim Leader Rona Ambrose has taken on a new job as Deputy Chair of TD Securities. Congratulations to Rona!

Again on the positive side of things, cross border trucking traffic is returning to normal levels, which is a positive indicator that the economy is recovering.

Lastly, it looks like Uber will be implementing a new mask selfie verification process to ensure that riders are wearing a mask and keeping everyone safe. I like this story because it is a clear example of the private sector enacting smart rules, without the government having to get involved. It’s an understatement to say that the gig-economy has been incredibly helpful throughout the pandemic. I’ll have more on the gig-economy later this week, so stay tuned for that.

 

Sincerely,

Rick Peterson


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