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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.
This page was last edited on 24 October 2024, at 09:04 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
COVID-19 pandemic: Alberta [a] Public Health Act [24] [25] British Columbia: Emergency Program Act and Public Health Act [18] [26] Manitoba: Emergency Measures Act [27] New Brunswick: Emergency Measures Act [26] [28] Newfoundland and Labrador: Public Health Protection and Promotion Act [26] Nova Scotia: Health Protection Act [29] [30] Ontario [b]
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In a news conference on Wednesday, the 48-year-old Canadian leader said his country has controlled coronavirus “better than many of our allies, particularly including our neighbor,” Reuters ...
While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario , the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States .
Canadian minister warns that Americans will experience economic pain from Trump tariffs. Canada’s energy minister came to Washington this week to warn U.S. lawmakers that President-elect Donald Trump’s threatened tariffs would inflict economic pain on Americans, with higher prices and job losses