News

Canadian Chamber: Continued border closure by US defies science and logic

(OTTAWA) – July 21, 2021 – The Canadian Chamber of Commerce’s President and CEO, Perrin Beatty, issued the following statement on the decision of the United States government to extend travel restrictions at land border crossings.

“On February 23 U.S. President Biden and Prime Minister Trudeau issued a ‘Roadmap for a Renewed U.S.-Canada Partnership’ stating ‘Both leaders agreed to take a coordinated approach based on science and public health criteria when considering measures to ease Canada-U.S. border restrictions in the future.’ Less than five months later, Washington appears to have lost its copy.

In contrast with its commitment, the U.S. decision is uncoordinated with Canada’s announcement on Monday of a border reopening, and it flies in the face of both science and the most recent public health data. It’s hard to see how allowing fully vaccinated Canadians to enter the U.S. poses a public health threat when travel within the U.S. is unrestricted. Vaccination rates in Canada are higher than in the US and infection rates are dramatically lower. Additionally, the U.S. policy applies very different standards to travelers crossing at a land border than those who fly.

“Canada’s government must press the U.S. administration to reverse its policy. There is no justification for continuing to keep families apart and to discourage travel for both tourism and business. The economic and social costs are simply too great.”

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New BDC Capital report measures D&I within its VC direct investment portfolio

Montreal, QC - June 21, 2021 – BDC Capital, the investment arm of BDC, has published a new report assessing the diversity and inclusion (D&I) of its active direct investment portfolio. The voluntary survey was completed by 95 companies (or 54% of the portfolio). BDC Capital is one of the first venture capital investors in Canada to survey its portfolio on diversity and inclusion.

“In an industry dependent on innovation, we are limiting our potential when we don’t embrace D&I,” said Jérôme Nycz, Executive Vice President, BDC Capital. “As the most active venture capital investor in Canada, we are committed to improving the diversity and inclusion within our team, in our direct funds, and through our indirect fund investments. This report is one step in our journey to help us understand, and measure, our impact as an investor and a tool to help our portfolio companies.”

Of the companies that responded to the survey, diverse employee representation in the BDC Capital portfolio includes: 35% women+, 43% racial and ethnic minorities, 13% LGBTQ2+, 18% have a disability or mental health challenge, and less than 1% Indigenous. Diverse representation decreases within the executive ranks (C-suite): 22% are women+, 32% are racial and ethnic minorities, 10% are LGBTQ2+, and 11% have a disability or mental health challenge. According to Diversio, these numbers are comparable to other venture funds in North America.

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Municipal Fiscal Autonomy Key to Unlocking Ontario’s Competitiveness

(Toronto – July 21, 2021) – While COVID-19 has created a uniquely difficult situation for Ontario’s municipalities, it has also exposed areas to improve municipal fiscal governance. Local governments do not have the fiscal autonomy they need to make them competitive and maintaining the status quo could be devastating for communities in a post-COVID economic recovery. The impact of the virus and the resultant public health measures have meant that most municipalities are seeing a decline in revenue and increase in expenditures.

Today, as all levels of government look to balance debt and deficits while protecting the well-being of our communities, the Ontario Chamber of Commerce (OCC) released its latest report, Better Budgets: Bolstering the Fiscal Resilience of Ontario’s Municipalities. This policy brief identifies 14 recommendations for both the Province and municipalities which can bring immediate and long-term relief to communities across Ontario.

“Municipalities in Ontario are facing a triple threat this year: an ongoing pandemic that has been devastating to local economies, reduced revenue from closed or limited services, and increased spending on public health and human services. The Financial Accountability Office estimates the pandemic will collectively cost municipalities $2.7 billion in 2021, on top of the expected $4.1 billion impact of 2020,[i]” said Rocco Rossi, President and CEO of the OCC. “In Budget 2021, the Government of Ontario committed to a long‐term economic growth plan. It is imperative public policymakers do everything they can do to ensure our communities do not get left behind in recovery.”

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TECHNOLOGY

The KLCFDC has a number of technology resources that are available to you.

First of all, as part of the Canada Business Ontario (CBO) and the Canada Business Network (CBN), our offices are equipped with a public access workstation where you can connect to the Internet. As mentioned, this is a joint government venture with FedDev Ontario developed to provide access to information on Federal and Provincial government programs and services for small business.

We may also be able to connect you to other groups or organizations where you can perhaps either temporarily use or possibly secure a computer for your personal use. We can also assist with select offices services, such as small photocopying jobs or faxing. Finally, we will often print materials for clients who don’t have a computer readily available and may use an alternative method to the Internet to gain the access to what they need.

Access to our information and services is available free of charge, for your use from Monday to Friday, 9:00 A.M. to 5:00 P.M.

We do ask that you call us at 328-0261 extension 21 to insure that you will have a computer to work with when you need it.

The KLCFDC may also be able to provide the opportunity for you to secure a computer, for those who need even more computer time. We can provide work with you and our partners to look to provide these on a limited basis. We are also willing to help with selected office services, such as small volume photocopying or faxing.

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CONTACT US

180 Kent Street West | Lindsay, Ontario | K9V 2Y6
Telephone: (705) 324-2393 | Fax: (705) 324-2473 Email: info@lindsaychamber.com

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