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The decline placed Canada's economic output per-capita below that of Alabama, representing a substantial drop from its previous economic position comparable to Montana in 2019. [28] The economic downturn significantly affected Canadian households in several ways.
Canadian economic activity expanded at its fastest pace in five months in December as employment and inventories climbed, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The ...
Business and economy. Second Trump tariffs. 2025 United States trade war with Canada and Mexico. U.S. President Donald Trump's 25% tariffs on Mexican and Canadian imports to the United States take effect, while an existing 10% tariff on all Chinese imports rises to 20% amid an ongoing trade war.
January 24, 2025 – Canadian economic crisis The Canadian Immigration, Refugees and Citizenship department announces a limit of 437,000 study permits for 2025, a 10% reduction from 2024, as part of efforts to address pressures on housing, healthcare, and other public services caused by the country's rapid population growth. January 21, 2025 –
Canada's energy minister came to Washington this week to warn U.S. lawmakers about President-elect Donald Trump's tariffs threat on Canada: They'd inflict economic pain on Americans, with higher ...
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]
PSAC strikers outside a CRA office in Surrey, British Columbia. On April 7, the CRA bargaining group voted to enter a legal strike position. [21] On April 12, the national president of PSAC, Chris Aylward, announced that the Treasury Board bargaining unit had voted overwhelmingly in favour of entering into a legal strike position, thus granting the group a 60-day window to initiate a labour ...
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]