Advertisement

Coronavirus: Canada’s top CEOs say limiting COVID-19 should be ‘singular objective’

Click to play video: 'More difficult times ahead for oil sector and global markets' More difficult times ahead for oil sector and global markets
WATCH: More difficult times ahead for oil sector and global markets – Mar 15, 2020

TORONTO — An open letter from a group of Canada’s top executives urged other business leaders across the country to make slowing the spread of COVID-19 their “singular objective.”

The group of 30 executives, which includes the leadership of the country’s largest banks, resource companies and others, say they stand united in the shared fight against the virus.

READ MORE: Coronavirus: TSX, Wall Street pause trading for a 3rd time as stocks collapse

In the letter published in The Globe and Mail, the group noted that while the fight will have a significant economic impact on businesses in the short term, it is critical to weathering this storm and will hasten the recovery.

Click to play video: 'Coronavirus outbreak: Bank of Canada slashes policy rate to 0.75%' Coronavirus outbreak: Bank of Canada slashes policy rate to 0.75%
Coronavirus outbreak: Bank of Canada slashes policy rate to 0.75% – Mar 13, 2020

The group says governments across the country have taken steps to slow the spread of the virus, but the measures will only be effective if employers do their part too.

Story continues below advertisement

They asked companies to urge employees to stop all non-essential travel and enable them to practise social distancing by facilitating work-from-home arrangements.

READ MORE: Simple steps you can take to prepare for a recession amid coronavirus

The group also called on businesses to develop clear guidelines to protect the health of employees who provide critical services.

“International experience demonstrates that social distancing is the only effective method, and is in the best interests of our employees, their families and our communities,” the letter said.

Sponsored content