Canadian Chamber of Commerce emphasizes importance of continued business supports as economy contracts in Q1

Canadian Chamber of Commerce

(OTTAWA) – January 20, 2021 – The Chief Economist and Vice President of Policy at the Canadian Chamber of Commerce, Dr. Trevin Stratton, issued the following statement today on the Bank of Canada’s Monetary Policy Report.

“As 2021 begins, Canada still faces powerful headwinds. COVID-19 numbers are up, restrictions on our activities remain and may even increase, and we face great economic uncertainty.

After a significant rebound in the second half of 2020, Canada’s economy once again faces a setback as it will contract by 2.5% in the first quarter of this year according the Bank of Canada’s latest projections. This marks the first quarterly contraction since the first wave of the pandemic in Q2 last year.


Why your business needs an intellectual property strategy

January is typically a time for declaring bold resolutions and setting goals. Entrepreneurs are no exception.

After reflecting on the successes and failures of last year, you have a better sense of the new heights your team can reach in the next 12 months, whether it be in terms of resiliency, revenue generation, profitability, customer delight, innovation or impact.

You may be looking to make fresh investments in hiring more talent or implementing new technology. Or you may be gearing up to raise capital to scale your company to new heights.

I want you to consider another project for 2021. I want you to consider investing time and effort in creating or updating your intellectual property (IP) strategy.


Ontario Chamber Calls For Virtual Care to Become a Permanent Fixture in Health Care System

(TORONTO – December 10, 2020) – This week’s report from Ontario’s Auditor General has put the spotlight on virtual care. And while, telemedicine sites have been in place for decades in Canada, the pandemic has accelerated the adoption of virtual care in Ontario. Virtual visits have enabled more and more Ontarians to continue accessing quality health care while not exposing themselves to the virus. The latest report by the Ontario Chamber of Commerce (OCC), Realizing the Full Potential of Virtual Care in Ontario, underscores the need to permanently integrate virtual care into Ontario’s health care system.

“We are now more virtually connected than ever before, and how Ontarians are interacting with the health care system reflects this fact,” said Rocco Rossi President and CEO of the OCC. “We can’t make the same mistakes we did with SARS, by only implementing temporary measures related to virtual care. The permanent integration of virtual care into our system could ensure all Ontarians can access timely and appropriate care, no matter their circumstances, as well as alleviate some of the pressures facing our health care system, such as reducing unnecessary visits to the ER.”



The KLCFDC currently has a lending capacity of up to $250,000 for local businesses that cannot secure financing through more traditional channels. Our key loan information and application form are available online.

The KLCFDC began in 1986 as the Victoria County Employment Development Group. Our goal then was very much as it is today, to create employment through investment, although over the past 3 decades the reasons for borrowing have become more diverse and our capacity to provide the support you need has grown. We will look to work with you to find the best possible way that we can assist you.



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