ICAV-CITAV.CA

Many countries have been seriously affected by the coronavirus pandemic, and Canada is sadly not an exception. Restaurants, stores, factories, offices, universities, schools, and kindergartens have been closed and people ordered to stay home. The country lost some 1 million jobs in March alone, and the unemployment rate skyrocketed to 7.8 percent. This is an increase by 2.2 percent compared to February when the rate was at 5.6 percent... According to data by Statistics Canada, about 1.3 million Canadians were forced not to work during the period 15 - 21 March. Some 800,000 people worked reduced hours because of the pandemic. The job rate saw a drop across Canada but provinces such as Quebec, British Columbia, Alberta, and Ontario have been more seriously affected. The food services and accommodation sectors are the hardest-hit by shutdowns, restrictions, and social distancing measures. CIBC Senior Economist Royce Mendes also reported that the education and retail trade sectors have..