News, Policy

Throughout the pandemic, many groups have faced major challenges. Higher unemployment rates for South Asian, Arab, Indigenous and Black Canadians compared to the average. The burden of unpaid private childcare and job loss falling on women. Systemic discrimination and oppression against Black people and Indigenous peoples. Higher incidence of COVID-19 cases among racialized communities.

 

These are only a few examples of the challenges faced by certain groups in our country. Over the last year, the COVID-19 crisis has both exposed and exacerbated many of the socio-economic inequalities that vulnerable members of our societies face - not only in Canada, but around the world.

 

This growing awareness has also shed light on the importance of inclusive growth, which looks to bring inequity to the forefront of discussion for governments, policy makers and the business community. An inclusive recovery from the pandemic is not only a matter of ethical or social importance but is also critical to a strong economy.

 

When there are more seats at the table and more voices in the conversation, employers can access a larger and more diverse pool of talent. That means more diversity and creativity in ideas and innovation. It leads to more opportunities to improve the vibrancy and attractiveness of our cities, the landscape of our business communities, and the quality of life for all Canadians. Economies grow faster and longer when prosperity is more equally distributed and market driven. Companies are more profitable too.

 

Other countries are also recognizing the value of an inclusive economy and are actively enacting policies to support this. The Canadian government, in partnership with businesses, needs to do the same if we are to remain globally competitive.

 

From challenge to change

Knowing how important a strong economic recovery is for Canada, the Edmonton and Calgary Chambers of Commerce united to develop actionable steps the government can take to foster an inclusive recovery:

• Invest in affordable and high-quality childcare to increase labour force participation and provide a stronger start for our children, which yields considerable economic benefits and creates a larger tax base.
• Create a grant program catered to Indigenous and newcomer children and families to support early learning and childcare centres.
• Invest in and incentivize businesses to incorporate social procurement efforts into their organizational strategies.

Increase support for early childhood educators and training programs to increase the number of people in the profession.

 

Protecting Canada’s fiscal future

This election, we encourage all Canadians to get involved in the issues and exercise their democratic right to vote. Together, Canadians have the ability to chart a fiscal path that is responsible, supports growth and transforms the challenges of our past to opportunities for a prosperous and sustainable future.

Read our full platform to learn more about our policies and recommendations for finance and taxation and join the conversation.