‘Smash The Curve’: Canada Needs Tougher Shutdowns To Reopen Economy, CIBC Says

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We may need to get creative with helping businesses survive. How about dropping the sales tax on takeout food and drink?

New cases have to be"extremely low" if people want to get back to eating in indoor restaurants, CIBC's chief economist argues.People leave after buying takeout at a food court in Yorkdale Shopping Center, Toronto, Ont., Oct. 10, 2020. CIBC says Canada's lockdowns need to be more stringent if the pandemic-stricken parts of the economy are to reopen.

In Shenfeld’s analysis, the problem is pandemic-stricken areas are reopening bars, restaurants and similar establishments too soon, allowing caseloads to rise back up again.

 

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