The Daily Tuesday, May 26, 2020
Press Release
Farm income, 2019
The realized net income of Canadian agricultural producers rose for the first time in three years, up 10.4% to $4.9 billion in 2019. Higher cannabis and livestock receipts, combined with increased program payments, just offset rising operating expenses.
Farm cash receipts, first quarter 2020
Farm cash receipts data for the first quarter were collected during the early stages of the COVID-19 pandemic. The impact of COVID-19 on farm cash receipts will become clearer in subsequent releases.
Food services and drinking places, March 2020
Sales in the food services and drinking places subsector fell 36.6% (seasonally adjusted) to $4.0 billion in March 2020, with businesses across the country closing because of COVID-19 regulations. This is the largest decline since the beginning of the series in 1998. Lower sales were reported across all industry groups and in all provinces and territories.
Study: Why are multinationals more productive than non-multinationals? Evidence from Canada
The greater productivity of multinationals—firms with foreign affiliates or subsidiaries—is mostly explained by the fact that highly productive firms are more likely to become multinational, according to a new study published by Statistics Canada. The study, titled “Why Are Multinationals More Productive than Non-multinationals? Evidence from Canada,” shows that multinationals are 23% more productive than non-multinationals, but becoming a multinational does not in itself result in large productivity gains.
Study: Indigenous people in urban areas: Vulnerabilities to the socioeconomic impacts of COVID-19
A new study provides insight into vulnerabilities to the socioeconomic impacts of the COVID-19 pandemic among Indigenous people living in urban areas. The study provides information on key aspects of economic well-being for the close to one million First Nations people, Métis and Inuit living in these areas (off reserve), including poverty, food security and the ability to cover unexpected expenses.
Recent Developments in the Canadian Economy, 2020: COVID-19, first edition
The magnitude of change in the Canadian economy since the onset of COVID-19 has been profound. From February to April, total employment has fallen by three million, while hours worked has declined by almost 30%. Flash estimates of gross domestic product, published by Statistics Canada in mid-April, projected a 9% decline in gross domestic product in March.
Leading indicator of international arrivals to Canada by air, April 2020
International travel has virtually ground to a halt amid the COVID-19 pandemic.
Monthly Mineral Production Survey, March 2020
Data from the Monthly Mineral Production Survey and the Monthly Survey of Smelters and Metal Refineries are now available for March.
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