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The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
Canada's economic position has shifted dramatically since the 1980s, when it maintained a nearly US$4,000 advantage in per capita GDP compared to an average of "advanced" economies, including the United Kingdom, the United States, France, Germany, Italy, and Japan. By 2000, the United States had established a US$8,000 lead over Canada.
A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
Canada's economy grew at an annualized rate of 3.3% in the second quarter, Statistics Canada said, short of the Bank of Canada's forecast for 4.0% and well below analyst forecasts of 4.4%.
Canada's economy grew at an annualized rate of 3.3% in the second quarter, Statistics Canada said, short of the Bank of Canada's forecast for 4.0% and well below analyst forecasts of 4.4%.
The Canadian economy most likely grew at an annualized rate of 4.6% in the second quarter over the first, boosting market expectations of another big interest rate hike in September. The result ...
The economy of Canada is a highly developed mixed economy, [33] [34] [35] the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion. [37]
All timelines, overviews, breakdowns, lists, and graphs on this page are based on data published in regular official reports by Health Canada in cooperation with Public Health Agency of Canada. [ 1 ] Timeline of cases and deaths in Canada