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The lowest level of national unemployment came in 1947 with a 2.2% unemployment rate, a result of the smaller pool of available workers caused by casualties from the Second World War. The highest level of unemployment throughout Canada was set in December 1982, when the early 1980s recession resulted in 13.1% of the adult population being out ...
According to the Conference Board of Canada, in 2017 Vancouver's GDP was CA$ 137 billion, with a GDP growth rate of 4.5%, meaning that Vancouver represents approximately 7.5% of Canada's overall economy. [3] Major economic sectors include trade, film and TV, technology, tourism, natural resources, and construction.
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.
Real Canadian GDP declined by 5% during the 17-month 1981-82 recession with the unemployment rate peaking at 12%. [10] In-between the two downturns, Canada had 12 months of economic growth. With growth between October 1980 and June 1981 being relatively robust with the total GDP and employment in June 1981 actually surpassing their pre ...
Canada added a net 54,700 positions, beating analysts' expectations of a 27,500 gain, while the jobless rate dipped to 5.9% from 6.0% in November, Statistics Canada said. ... The Canadian economy ...
US$122.9 billion (July 2024) [31][32] All values, unless otherwise stated, are in US dollars. The economy of Canada is a highly developed mixed economy, [33][34][35] with the world's ninth-largest economy as of 2024, and a nominal GDP of approximately US$ 2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly ...
From November 2017 through October 2018, Canada's unemployment ranged from 5.8% to 6.0%. [34] In Canada in October 2018, 11,200 new full-time jobs were added, lowering the unemployment rate to 5.8%—a "40-year low, underpinning expectations that the Bank of Canada would keep raising interest rates". [13]
Established immigrants tend to have an unemployment rate closer to the national unemployment rate of native-born citizens. In 2011, the unemployment rate of recently arrived immigrants was 13.6%, considerably above the native Canadian average of 5.5%. For more established immigrants, the rate fell to 8.2% [108]