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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]
Canadian business services are largely concentrated in large urban areas of Canada. The second-largest portion of the service sector is the business service, and it employs only a slightly smaller percentage of the population. [105] This includes the financial services, real estate, and communications industries. This portion of the economy has ...
The economic impact of immigration is an important topic in Canada.Two conflicting narratives exist: 1) higher immigration levels help to increase GDP [1] [2] and 2) higher immigration levels decrease GDP per capita or living standards for the resident population [3] [4] [5] and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities ...
Canadian entrepreneurs expect revenues to increase in 2019, but many are growing concerned about uncertainty surrounding the economy and labour shortages, according to a new report by the Business ...
While some companies are falling off the grid, many of Canada’s homegrown talent are rising in the retail market. “The consumer now lives in a world of abundance and every brand needs to ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
KPMG calculated the Canadian corporate tax by adding the federal and provincial tax components. The federal component is 15%. Each of the ten provinces and three territories have 2 different tax rates, one which is lower for small businesses which ranges from 0 to 4.5%, and higher for all other corporations, which ranges from 11.5 to 16%. [33]
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