On May 8th, Statistics Canada published labour force numbers for the month of April. This release marks the first relatively complete picture of the impact of the economic shutdown on jobs and unemployment across Canada. Last month, we only got a partial view of that...
Statistics Canada just released the first piece of hard data providing a glimpse into the impact of the COVID-19 and oil price crises on the Canadian and Alberta economies. Until today, economists were left to guess about the impact. We could see the devastation –...
Over the past several weeks, the federal and provincial governments have announced a series of policy measures to address the impact of the economic shutdown prompted by the COVID-19 outbreak. With new announcements coming several times a week, the Business Council of...
When economists try to determine if a country is ‘prosperous’, the most commonly used indicator is GDP per capita, which is a measure of the total value generated by an economy in a given year divided by the number of people living in it. Why do we use GDP per capita...
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