Re-opening the Economy: A Roadmap from the C.D. Howe Institute’s Crisis Working Groups
Webinar with Janet Davidson, Dwight Duncan, Kathleen Taylor and Mark Zelmer
As the COVID-19 crisis began to unfold, the C.D. Howe Institute assembled four Crisis Working Groups to address the issues affecting Canadians and the economy in these troubled times. Our experts in Monetary and Financial Measures, Business Continuity and Trade, Household Income and Credit Support, and Public Health and Emergency Measures have been meeting virtually every week to tackle the policy challenges that the global pandemic has created. Join a distinguished panel of our Working Group Co-Chairs, which will report on their key insights on what it will take for Canada to re-open the economy.
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Janet Davidson, Senior Fellow, C.D. Howe Institute; Chair of the Board, Canadian Institute for Health Information; Former Deputy Minister of Health of Alberta; Co-chair of the Public Health and Emergency Measures Working Group, C.D. Howe Institute
Janet Davidson works in health care consulting with a focus on strategy, organization management and design, and governance. She recently completed an assignment as Interim CEO of the Nova Scotia Health Authority. Formerly, she served as Deputy Minister of Health for Alberta. Janet has over 40 years of experience in healthcare in the government, voluntary and hospital/community sectors in a number of Canadian jurisdictions. Janet currently holds the position of Chair of the Board of the Canadian Institute for Health Information and is a Board member of Bayshore Healthcare. She is a Senior Fellow with the CD Howe Institute and sits on their health policy council. She was recently elected as the inaugural board chair of Canada’s New Digital Research Infrastructure Organization.
Previously, Janet was the Canadian Executive and Industry Specialist with KPMG’s Global Healthcare Practice. She was also President and Chief Executive of Trillium Health Centre in Mississauga, where she led them through to the successful merger with the Credit Valley Hospital creating the largest community academic hospital in the country. She served as Board Chair of the Ontario Hospital Association and was a board member of the Ontario Institute for Cancer Research, the Health Insurance Reciprocal of Canada and the Canadian Foundation for Health Care Improvement. She has been extensively involved in global humanitarian work and served for 10 years in a senior governance capacity with the International Red Cross and Red Crescent Movement in Geneva, first as a Vice President (Americas) and then as Vice Chair of the Standing Commission, its highest deliberative body.
Janet received a Bachelor of Nursing Science from the University of Windsor and a Master’s in Health Services Administration from the University of Alberta. She is a graduate of the Institute of Corporate Directors’ Education program at Rotman, the UC Berkeley School of Public Health’s Global Health Leadership program and has an Honorary Doctor of Laws Degree from the University of Windsor. She is an Officer of the Order of Canada and has been named twice to the list of Canada’s Top 100 Most Powerful Women and Canada’s Top 25 Most Influential Women.
Dwight Duncan, Senior Strategic Advisor, McMillan LLP; Former Deputy Premier and Minister of Finance, Government of Ontario; Co-chair of the Business Continuity and Trade Working Group, C.D. Howe Institute
Dwight Duncan serves as a Senior Strategic Advisor at McMillan LLP, one of Canada’s largest and most respected full service law firms. Mr. Duncan also serves as a Principle of McMillan Vantage the firm’s wholly owned public policy advisory firm.
Mr. Duncan currently sits on the Board of Directors, and Chairs the Audit Committees, of Travelers Insurance Canada and the Dominion General Insurance Company. In addition he sits on the Boards of Directors of Crown Crest Trust, and the Global Risk Institute.
Mr. Duncan also Chairs the Board of Directors of the Windsor Detroit Bridge Authority, the federal crown corporation overseeing the construction and operation of the $5.7 billion Gordie Howe International Bridge.
Duncan, also sits on the Board of Directors of the MS Society of Canada’s Scientific Research Foundation where he serves as Treasurer.
Recently, Mr. Duncan served on the Board of Directors of Natura Naturals where he sat on the Board Special Committee that oversaw and negotiated the $82 million sale of Natura to Tilray Inc.
Prior to joining McMillan, Mr. Duncan had a distinguished career in public service that spanned close to 25 years.
During his time as a Member of the Ontario Legislature he served as Deputy Premier, Minister of Finance, Chair of the Management Board of Cabinet, Chair of Cabinet, Government House Leader, Minister of Energy, Minister of Revenue, Minister of Government Services and Opposition House Leader.
Duncan delivered six budgets and authored historic reforms to Ontario’s tax, pension, insurance, and energy regimes. As Finance Minister, he lowered corporate and personal taxes, eliminated the capital tax and created the harmonized sales tax (HST). During his tenure, the Government of Ontario invested record sums in infrastructure, healthcare and education to lay the foundation for improved productivity and a more prosperous economy.
Duncan oversaw several large commercial transactions on behalf of the Province. These included lease extensions with Teranet, the reorganization of the Ontario Lottery and Gaming Corporation, Ontario’s first P3 highway projects, including the RT. Hon. Herb Gray Parkway, and the financial restructuring of General Motors and Chrysler.
Mr. Duncan also had Ministerial responsibility for the Ontario Securities Commission, the Ontario Energy Board, Ontario Lottery and Gaming Corporation, the Liquor Control Board of Ontario, Hydro One, and Ontario Power Generation.
Mr. Duncan holds a Bachelor of Commerce (Hons) and MBA (University of Windsor) as well as a B.A. (Economics –McGill University).
Mr. Duncan has received numerous awards and distinctions including an honorary doctorate of laws degree from the University of Windsor, where he currently serves as Executive-in-Residence at the Odette School of Business.
In addition, he has received the Queen’s Gold and Diamond Jubilee Medals, and recognition as one of Toronto’s 50 most influential people by Toronto Life Magazine (2012).
Kathleen Taylor, Chair of the Board, RBC; Chair, Altas Partners; Chair of the Board, SickKids Foundation; Co-chair of the Household Income and Credit Support Working Group, C.D. Howe Institute
Kathleen (Katie) Taylor is Chair of the Board of RBC and also serves as Chair of Altas Partners, a Toronto-based private equity investment firm. She is Chair of the SickKids Foundation Board, a member of the Board of Trustees for the Hospital for Sick Children and Co-Chair of the SickKids Capital Campaign.
In addition, Ms. Taylor serves as a director of Air Canada, Vice-Chair of the Adecco Group and a director of the Canada Pension Plan Investment Board.
Ms. Taylor is the former President and Chief Executive Officer of Four Seasons Hotels and Resorts. During her 24-year career with the iconic global company, she held a number of senior leadership roles and was instrumental in building the firm’s global brand and its international portfolio of luxury properties.
Ms. Taylor has been inducted into the Canadian Marketing Hall of Legends and was named to Canada’s Most Powerful Women Hall of Fame by the Women’s Executive Network (WXN) after being honoured by WXN in 2011, 2014, 2016 and 2017. In 2016, Ms. Taylor was made a Member of the Order of Canada. Report on Business magazine named Ms. Taylor among the 50 most powerful people in Canadian Business in 2017.
Mark Zelmer, Former Deputy Superintendent, OSFI; Co-chair of the Monetary and Financial Measures Working Group, C.D. Howe Institute
Mark Zelmer has more than 30 years experience dealing with financial sector policy and regulatory issues having worked for the Office of the Superintendent of Financial Institutions, Canada (OSFI); the Bank of Canada; and the International Monetary Fund (IMF). He served first as an Assistant Superintendent and then as Deputy Superintendent of Financial Institutions at OSFI from December 2011 until June 2016. Prior to that he spent more than 20 years with Bank of Canada serving in progressively more senior positions, including as the first leader of its Financial Stability Department from September 2008 until November 2011. He also spent almost four years with the IMF from January 2000 until November 2003 where he served first as senior economist and then as Deputy Division Chief in what is now its Monetary and Capital Markets Department.
Mark also has been an active contributor to the global regulatory reform agenda in the wake of the financial crisis. As a member of the Basel Committee on Banking Supervision from September 2008 through June 2016 he chaired the development of several components of the Basel III framework and led a peer review assessment of the European Union's adoption of Basel III capital requirements. He also served on the Financial Stability Board's Standing Committee on Supervisory and Regulatory Cooperation from July 2014 to June 2016 and co-chaired its work on structural vulnerabilities associated with the global asset management industry.
Mark has also been busy since retiring from OSFI. He currently sits on the Boards of Directors of Assuris and State Street Trust Company of Canada and has helped the International Monetary Fund with its recent assessments of the Japan and US financial sector. In response to a request from the UK government he also conducted an independent review of the prudential supervision of a medium-sized UK bank (Co-Op Bank plc) that nearly failed in 2013.