21
November, 2020
Canada
Global:
3
Availability:
9
Cost:
45
Regulation:
7
Productivity:
7
2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21)
Region:
2
Availability:
2
Cost:
13
Regulation:
1
Productivity:
3
Remote
Readiness
2
Remote
Readiness
18
In order to mitigate the financial issues of Covid-19, Canada has spent more than $15 billion USD on heath and
$185 billion USD on direct payments and foregone revenue.
The key measures to protect jobs include:
• Wage subsidies of up to 75%
• Sick Leave and easier access to Employment Insurance payments
• Support for students and new graduates
https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19
Canada's Air borders are closed for all non-
essential travel. Some exemptions exist for
temporary foreign workers, international
students and families of Canadian residents
and citizens. A strict 14 day quarantine is
required on arrival.
The US – Canada border remains closed.
Restrictions are at a province level.
12.5%
4.5%
0%
20%
Canada Regional Ave.
%
of
GDP
Canada
Q4 2019* Q4 2020*
% Change
YOY
Total Workforce
20.29M 20.37M 0.4%
Unemployment Rate (%) 5.5% 8.9% +62%
Unemployed Workers 1.1M 1.8M +62%
Manpower 2020 Total Workforce Index
Workforce Statistics
Covid-19 Situation
Covid-19 Government Spend as % of GDP Border Closures and Restrictions
Additional Government Spending and Foregone Revenue to September 2020
Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis)
*Reported figures at Q4 each year
https://covid19.who.int/
https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-
Response-to-COVID-19
Other Sources:
https://data.worldbank.org/
https://ilostat.ilo.org/
https://home.kpmg/xx/en/home/insights/
https://www.gov.uk/foreign-travel-advice
United States Embassy
https://tradingeconomics.com/
https://www150.statcan.gc.ca/
