TY - JOUR AU - Islam, Sadequl AU - Tarannum, Tahsina PY - 2020/08/08 Y2 - 2024/03/28 TI - The Impact of COVID-19 on the Canadian Economy JF - Archives of Business Research JA - ABR VL - 8 IS - 7 SE - Articles DO - 10.14738/abr.87.8770 UR - https://journals.scholarpublishing.org/index.php/ABR/article/view/8770 SP - 497-512 AB - <p>This paper examines various types of effects of COVID-19 on Canadian businesses and industrial sectors. Using the data from Labour Force Surveys, the paper explores the impact of COVID-19 on the Canadian labour market. The paper also investigates the relationship between the intensity of lockdown measures ( stringency index) and the unemployment rate for Canada and selected countries. The main findings are the following: 1)The businesses which faced a high level of decreases in demand are food &amp;accommodation,&nbsp; arts, entertainment, and recreation and retail trade; 2) Small businesses witnessed a higher level of decrease in demand compared to large businesses;&nbsp; 3) The goods- producing industries, especially motor vehicle and parts producing industries experienced the steepest decline in growth rates; 4)The pandemic adversely affected the jobs of women, workers with high school education,&nbsp; and young workers; 5) Finally, it appears that there is a weak positive relationship between the Stringency Index and the unemployment rate across selected countries including Canada.</p> ER -