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JAN. 26 2022-ONTARIO HOME CARE STAFFING SHORTAGE & INTEREST RATES IN CANADA

Posted: January 28, 2022

(January 26, 2022)

By: Zoomer Radio

ONTARIO HOME CARE SECTOR FACING A STAFFING SHORTAGE

Libby Znaimer is joined by Jake Mitten, Owner and managing director of Home Instead Markham, Natalie Mehra,  Executive Director of the Ontario Health Coalition, and Kerri Thompson, a caregiver to her mother who has Alzheimer’s disease.

The home care sector in Ontario is facing a staffing shortage crisis. According to Home Care Ontario, a lot of that has to do with the fact that around 4,000 nurses have left the sector since the pandemic first began.Libby and guests take a closer look at whats happening on the ground and other factors for the staffing shortage.

ONTARIO PREMIER DOUG FORD TO MEET WITH ONTARIO NURSES ASSOCIATION

Libby Znaimer is joined by Sharleen Stewart, President of SEIU Healthcare, whichrepresents over 60,000 health care workers in the province and Dr. Doris Grinspun, Chief Executive Officer of the Registered Nurses’ Association of Ontario (RNAO).

We are learning that Ontario Premier Doug Ford is scheduled to meet with the Ontario Nurses’ Association on Feb. 3rd. SEIU Healthcare is saying that “Ford continues to refuse to meet with us and our calls to come together to create a staffing strategy for the entire sector.” And, Doris and Sharleen explain why nurses want Bill 124 (legislation that caps wage increases for nurses) repealed.

BANK OF CANADA MAINTAINS INTERESTS RATES

Libby Znaimer is joined by Benjamin Tal, Managing Director and Deputy Chief Economist At CIBC Capital Markets Inc. and Allan Small, Senior Investment Advisor Allan Small Financial Group IA Private Wealth.

This morning, the Bank of Canada has announced that it is maintaining the very low interest rates of 0.25 right now amid record inflation in the country which hit a 30-year-high of 4.8 percent in December. But don’t expect it to stay like that for much longer is what we’re being told. So, we ask our financial experts for guidance on how Zoomers might approach investing during the current climate of the markets and with the reality of interest rates being where they are.

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