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Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed. This includes all major sporting and artistic events. [2] Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [3] Some farmers feared a labour shortfall and bankruptcy. [4] The pandemic affected consumer ...
Canada spends around 1.70% of GDP on advance research and development across various sectors of the economy. [55] [56] Canada's economic integration with the United States has increased significantly since World War II. [57] The Automotive Products Trade Agreement of 1965 opened Canada's borders to trade in the automobile manufacturing industry ...
The free trade agreements of Canada represents Canada's cooperation in multinational trade pacts and plays a large role in the Canadian economy. Canada is regularly described as a trading nation , considering its total trade is worth more than two-thirds of its GDP (the second highest level in the G7 , after Germany ).
In times of market uncertainty, investors often look to international and emerging markets for diversification and better returns. At this point, investors might want to look north and south to ...
On 17 June 2020, Justin Trudeau announced that the finance minister would table a fiscal and economic snapshot on 8 July 2020. This document was shorter than a budget or even a regular Fall Economic Statement as it did not incorporate medium or long-term projections.
In 2021, Canada's Quebec imported C$87.5B, making it the 2nd largest importer out of the 13 importers in Canada. In 2021 top imports of Quebec were Petroleum oils, oils from bituminous minerals,... (C$4.57B), Other Aircraft parts (C$2.76B), Parts of turbo-jet or turbo-propeller engines (C$2.28B), Petroleum spirit for motor vehicles (C$2.18B ...
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In 2020, in Toronto, 21% of all housing, and 56% of condos were investor owned. In Vancouver, nearly 48% of condos, and 33% of all housing was owned by investors. [81] Across Canada, 1 in 5 homes were investment properties. Investors were found to be increasingly crowding out prospective first-time buyers in a 2024 analysis. [82]