Tag: pandemic

Tourism Hard Hit by Pandemic

MANILA – The Philippines which relies on tourism to boost its economy is hit hard by the pandemic. Tourism-related employment in this Far East country shrank by 28 percent, while average hourly wage declined by 38%. I was in the Philippines last March 2020 when the pandemic broke out. And I noticed the absence of tourists in Metro Manila. The perception seemed to be that with the source of Covid 19 being in Asia, no one wanted to be in that continent. 

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Pandemic stirs changes in international migration

Usually, most people leave their native country for better opportunities. Some migrants leave for work, for study, or to join family. In fact, several factors may determine population movements which include poverty, political unrest, violence, natural disasters or conflict. According to the United Nation’s latest estimates on international migration (mid-2020), nearly 281 million (M) migrants live outside the country of their birth.

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Weight of the pandemic and new expenses on the fiscal update

TORONTO – Take stock of the health of Canadian finances and understand if the conditions exist to plan a return from the long-term deficit. These are the two central themes on the eve of the presentation of the new tax update by the federal government, also in light of the additional expenses approved to cope with the Covid-19 emergency and the growing uncertainty linked to the development of the new Omicron variant in Canada and the rest of the world.  (more…)

Fight against the pandemic, economy and environment Trudeau’s priorities

TORONTO – Action to combat the pandemic, protect the environment, fully relaunch the economy. These are the three priorities announced by the Liberal government through the Speech from the Throne read today in the Senate by Governor General Mary Simon. A speech of historical value that of the representative of the Queen because it was made for the first time not only in English and French, but also in Inuktitut, Inuit language.  (more…)