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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] Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed.
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 globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion ...
Canadian current events contains a listing on an ongoing automated basis of importance events, trends and newsworthy developments related to Canada. Below are listed 200 entries of the past 90 days of Canadian current events featured in the main page of the Canada portal.
Regional Relief and Recovery Fund (RRRF): Innovation, Science and Economic Development Canada is providing more than $1.5 billion through the RRRF to assist organizations in locally- and regionally-significant sectors as manufacturing, technology, tourism, etc. The fund specifically targets those that may need further help to recover from the ...
Business and economy Kingdom Holding announces the resumption of construction on the 1,000 metres (3,300 ft)-tall Jeddah Tower in Saudi Arabia , which is expected to be the world's tallest building .
U.S. authorities apprehended more than 23,000 people near the U.S.-Canada border in the 12 months ending in October, more than double the previous year but a tiny fraction of the 1.5 million ...
The economy of Toronto is the largest contributor to the Canadian economy, at 20% of the national GDP, and an important economic hub of the world. [1] Toronto is a commercial, distribution, financial and industrial centre. It is Canada's banking and stock exchange centre and is the country's primary wholesale and distribution point.
The provincial GDP in 2021 was C$504,5 billion, [9] making Quebec the second largest economy in Canada after Ontario. The provincial debt-to-GDP ratio peaked at 50.7% in fiscal year 2012–2013, is now resting at 38.1 in 2022, [ 10 ] and is projected to decline to 34% in 2023–2024. [ 11 ]