TORONTO – Despite the pandemic, Canada remains the fastest growing country in the G7, thanks in large part to immigration. From 2016 to 2021, canada’s population grew at almost twice the rate of France, Germany, Japan, the United Kingdom, and Italy. This is what emerges from the data of the 2021 census published today.
The year 2020 presented several challenges for companies struggling to survive amidst the global pandemic. However, some business have been able to weather the storm despite one of the steepest drops in Canada’s real GDP on record.
In 2019, the country reported a real GDP of roughly $1.64 Trillion (T). In 2020, that figure dropped to $1.57 T, a difference of more than $70 Billion. While Canadians continue to work at regaining those losses, some businesses have managed to prosper throughout the pandemic-induced instability.