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The Wilson Center claimed that Canada's productivity challenges were exacerbated by various structural factors which included geographic and climate-related challenges due to the country's vast size and harsh climate conditions affecting transportation and infrastructure, widespread provincial regulations creating interprovincial trade barriers ...
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]
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]
Business and economy. 2024 Canada railway shutdown. Canadian National Railway and Canadian Pacific Kansas City lock out roughly 10,000 unionized railroad workers in Canada, leading to a railway stoppage that impacts many North American supply chains and may cost the economy of Canada C$341 million per day.
The massive stimulus payments made by the U.S. government in 2020 and 2021 in response to the coronavirus pandemic were a bit of a double-edged sword. On one hand, the payments helped prevent the...
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.
The economic impact of immigration to Canada 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 ...
This decision poses significant risks to the deep economic ties between the U.S. and Canada, where goods worth $3.6 billion cross the border daily. Trump's aim with the tariffs is to push Canada and Mexico to take stronger actions against migration and drug trafficking, while also supporting his "Buy American" agenda to boost the U.S. economy.