The story of the Rate Drop Rebate pilot, including key milestones, successes, dilemmas, insights and lessons learned. The Rate Drop Rebate was a unique partnership that brought SCP together with financial institutions, publicly funded employment service providers and the Government to reduce unfair barriers to employment and help grow the province’s small and mid-sized businesses.
“We were trying to market a product called ‘community hiring’ through a channel – banks and credit unions – that had never marketed a product like this before, to a customer base – small- and medium-sized businesses – who had never done community hiring before. We knew no matter how carefully and thoughtfully we designed this, it would not work seamlessly on the first try.”
Share with a friend
Related reading
Watch the video: The risks and benefits of opening up private markets to everyday investors
The Ontario Securities Commission wants to give retail investors access to private markets. But as Rachel Wasserman tells BNN Bloomberg, when you look closely, it starts to look less like democratization and more like offloading risk onto people with the least power to absorb it. Private equity is already underperforming S&P index funds over 1, 5 and 10-year periods and PE's biggest historical champions are quietly reducing their exposure. This proposal to offer retail investors access to PE stands to benefit the asset managers and intermediaries, with everyday investors bearing the costs and risks. Financial inclusion does not mean broadening access to financial products that sophisticated players are already walking away from.
Watch the video: Why do Canadians work so hard and get so little?
Low productivity means lower wages and a lower standard of living. Canada does need to boost productivity—but we keep trying the wrong things. Watch SCP CEO Matthew Mendelsohn explain the productivity conversation Canada actually needs to have.
Market study submission: Competition in financing for Canada’s SMEs
Small- and medium-sized businesses (SMEs) face significant barriers to accessing capital and we believe that the lack of competition in the banking sector is one of several important contributing factors. We provided comment on the Competition Bureau's upcoming market study on SME financing because we believe that unlocking capital for SMEs and entrepreneurs will strengthen the Canadian economy, bolster our sovereignty and provide more Canadians with pathways to building wealth. We look forward to seeing how the evidence collected will help inform policymakers interested in tackling this issue.

