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The Canadian economy has increased considerably from May as the sectors are gradually opening in phases. Canada recorded a rebound in its growth as the Gross Domestic Product (GDP) rose by 4.5% in May. Statistics Canada, Canada’s data agency, predicted the GDP would increase by 5% in June. As May showed the rise in economic activities in Canada, there was an economic decline in March and April by 15% compared to February’s values. There was a 20% decline in economic values in the second quarter of 2020.

Among the 20 industrial sectors hampered due to Covid-19, 17 sectors posted an increase in May. The product manufacturing, as well as service industries, marked a rise in sales since May 2020.  According to Statistics Canada, the domestic product’s gross levels increased by 3 percent in the second quarter in July. In July, the economy rate decreased by 6% as compared to the economic rate in February.

The real estate sectors’ activities have seen a significant increase over three months consecutively as the properties’ resale activities continued to strengthen the urban market business above 20 percent in July compared to the pre-pandemic levels. There was an increase in the legal service sector, which also majorly supported the property marketing activity.

The Accommodation and Food sector, which was affected majorly due to the COVID-19 restrictions, marked a three-month consecutive double-digit increase where the service sectors rose by 20.1 percent as businesses re-opened during the mid of second quarter with adjustments being conducted in the COVID-19 related restrictions.

According to Statistics Canada, prices in these sectors increased. From the eight major CPI components, five CPI components with a significant increase in the shelter and food costs contributed to the overall growth. Whereas the social and health care sector increased by 3.7 percent in July as all the frontline workers such as the diagnostic laboratories, dentists and doctors bounced back to fulfill their roles and responsibilities while taking all the necessary precautions when attending their patients.

Statistics Canada’s report says that 365,000 jobs were added in July, which recovered 1.6 million jobs in April, May, and June, or just over fifty percent of the 3 million lost in March and April. Statistics Canada predicts that it will take a year before all the sectors return to the pre-pandemic level. The figures below show Canada’s employment and unemployment statistics.

In September, employment growth increased by 378,000. According to Statistics Canada, higher employment was seen in food services and accommodation, manufacturing, and educational sectors, which supported the Canadian economy’s rise. The government of Canada launched a rescue program to help the people in the Covid-19 crises. Around 8.5 million people residing in Canada approached Canada Emergency Response Benefit (CERB), which allows the unemployed to claim CA $2,000 per 4 week period spanning six months.

Statistics Canada’s report says that 365,000 jobs were added in July, which recovered 1.6 million jobs in April, May, and June, or just over fifty percent of the 3 million lost in March and April. Statistics Canada predicts that it will take a year before all the sectors return to the pre-pandemic level. The figures below show Canada’s employment and unemployment statistics.

Source: Statistics Canada

When we talk about Canada immigration, Canada still observes a low birth rate and rapidly ageing population. This combination will make a difficult situation in Canada post-pandemic. Hence, focusing on immigration to increase the economic activity of the country is what the Canadian Government aims. The immigrants can work in any Canadian firm, and the ones

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