The Daily Friday, October 23, 2020
Residential construction remained the top contributor to underground activity in 2018
The estimated gross domestic product (GDP) at market prices for underground economic activity in Canada reached $61.2 billion, or 2.7% of total GDP, in 2018.
Weekly update: Canadian Economic Dashboard and COVID-19
The “Canadian Economic Dashboard and COVID-19” presents selected indicators to help monitor the impact of the pandemic on economic activity in Canada.
Study: The Economic Impact of Travel Restrictions on the Canadian Economy due to the COVID-19 Pandemic
Since mid-March, Canada has fully or partially closed its national borders to tourists and non-essential travellers to contain the spread of the COVID-19 virus. Travel across regions within Canada has also been restricted. These travel restrictions have had a major impact on the economy. According to the new study, titled “The Economic Impact of Travel Restrictions on the Canadian Economy due to the COVID-19 Pandemic,” the travel restrictions imposed to contain the spread of the virus are estimated to lead to a reduction in Canada’s gross domestic product (GDP) in the range of $27.9 billion to $37.1 billion and to the loss of 400,000 to 500,000 jobs in 2020.
Travel between Canada and other countries, August 2020
Restrictions on non-essential travel into Canada, as well as the mandatory 14-day quarantine period for Canadians returning from abroad, remained in effect throughout August 2020.
Monthly Survey of Manufacturing: Flash estimate, September 2020
Given the rapidly evolving economic situation, Statistics Canada is providing an advance estimate of sales in the manufacturing sector for September. The advance results for September indicate that manufacturing sales rose 1.5%.
Wholesale trade: Early indicator, September 2020
Given the rapidly evolving economic situation, Statistics Canada is providing an advance estimate of sales in the wholesale sector for the month of September. The advance results for September indicate that wholesale sales rose 0.4%.
Natural gas transmission, storage and distribution, August 2020
Data for August on the transmission, storage and distribution of natural gas are now available.