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Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [4] Some farmers feared a labour shortfall and bankruptcy. [5] The pandemic affected consumer behaviours. In the early stages of the pandemic, Canadian grocery stores were the site of large-scale panic buying which led to many empty shelves.
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
In 2022 the Auditor General of Canada, Karen Hogan, conducted a review into the CERB fund and concluded that "the federal government effectively delivered emergency COVID-19 benefits during the pandemic" [18] but that "deciding to not front-end verification resulted in $4.6 billion in overpayments to ineligible individuals."
The COVID-19 pandemic in Canada is part of the ongoing worldwide pandemic of coronavirus disease 2019 . It is caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). Most cases over the course of the pandemic have been in Ontario, Quebec, British Columbia and Alberta. Confirmed cases have been reported in all of Canada's ...
Image source: The Motley Fool/Upsplash. Even though 401(k) plans come with higher annual contribution limits than individual retirement accounts (IRAs) do, IRAs offer a big advantage.
A Roth IRA conversion involves transferring retirement assets into a new or existing Roth IRA account. The types of accounts eligible for conversion generally fall into one of two categories.
For example, an RMD for year 2024 is based on the IRA balance at year-end 2023. “With a busy holiday season, it is easy for most to miss the December 31 deadline,” says John Jones, investment ...