The only growth more impressive than Canada’s population is its surging unemployment. Statistics Canada (Stat Can) data shows the economy stumbled in March. It was such a minor decline, it wouldn’t be worth noting if not for the population growth. The country only lost a couple thousand jobs, but managed to add tens of thousands […]
Probably means workers will have to take lower salary, since growth initiatives are lower (partly due to interest rates but also companies losing a lot of the optimism of post-pandemic growth projections).
What we urgently need is low-interest loans for small low-risk businesses to ensure the workers can find work. We don’t need to lend billions to large corporations or millions to SME that will employ 5 more workers.
Instead, giving out loans of 10k-100k with near zero interest rate to kickstart, preserve or grow low overhead businesses (hairdressers, plumbers, carpenters, home electricians, physiotherapists, private chefs).
Probably means workers will have to take lower salary, since growth initiatives are lower (partly due to interest rates but also companies losing a lot of the optimism of post-pandemic growth projections).
What we urgently need is low-interest loans for small low-risk businesses to ensure the workers can find work. We don’t need to lend billions to large corporations or millions to SME that will employ 5 more workers.
Instead, giving out loans of 10k-100k with near zero interest rate to kickstart, preserve or grow low overhead businesses (hairdressers, plumbers, carpenters, home electricians, physiotherapists, private chefs).