Food courts, commercial property and public transit to suffer as Canadian economy transforms in eight key ways
Toronto Mayor John Tory said he met on Monday with leaders from the 11 largest municipalities in the Greater Toronto and Hamilton Area, some of whom were “seriously considering further restrictions on restaurant capacity.” We need a plan to be able to live with the virus in our midst while still being able to engage in our economic activities“We need a plan to be able to live with the virus in our midst while still being able to engage in our economic activities,” said Trevin Stratton, the chamber’s chief economist and vice-president of policy. “If we’re just reacting to numbers as they change by the day, then, obviously, there isn’t a lot of certainty there.
The council expects brick-and-mortar retailers to be “less in the crosshairs” of economic shutdowns than they were in the spring, but another blow to the public confidence, and household budgets, could be “pretty disastrous,” he said.
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