May 20: ‘Cash must be accepted, so as not to discriminate against low-income individuals.’ Is the death of cash a problem for the Bank of Canada? Plus other letters to the editor GlobeDebate
: One of the key determinants of investor reaction to the gyrations of the market is their time horizon. Whatever the outcome in the short term, the simple fact is that the old economy is on sale, while the new economy is in favour.
In answering a question about bailouts to the oil sands, I made the case that there is no way such bailouts would be other than doomed. Columnist Eric Reguly makes a similar point related to Texas shale: “If they hand a life jacket to the shale boys, it will be made of concrete” . The same factors affecting shale should condemn oil sands bitumen.
Postpandemic, we should also invest in a modernized national electricity grid. We should create jobs in massive carbon-negative retrofits of older buildings. We should have a just transition, engaging every worker and community dependent on fossil fuels in such a process. : Our government recognizes how essential our farmers are and how hard they are working during a stressful situation. Our response doesn’t start or end with any one announcement. We continue to roll out supports as fast as we can.
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