As Ontario adjusts to Phase 2 of reopening, Hon. Rod Phillips, Minister of Finance, discusses the reopening strategy and where the opportunities are for the economy moving forward. Minister Phillips notes that the direction the economy takes depends on the progress of the virus, as the underlaying uncertainty makes forecasting difficult, but the province’s cautious approach has resulted in a reduction in cases. He also notes the impact is different on certain sectors, such as travel and tourism. Minister Phillips and host Pamela Ritchie also discuss capital markets modernization, the housing market, and supply chain and trade, including how relationships between provinces have been strengthened during this time thanks to collaboration to manage the containment of the virus.
Recorded on June 30, 2020.