gross domestic product – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 U.S. pension spend generated US$1.3 trillion in economic output in 2020: report https://www.benefitscanada.com/pensions/retirement/u-s-pension-spend-in-2020-generated-us1-3-trillion-in-economic-output-report/ Mon, 09 Jan 2023 14:00:35 +0000 https://www.benefitscanada.com/?p=132203 Retiree spending of public and private sector pension benefits generated US$1.3 trillion in total economic output in the U.S. in 2020, supporting nearly 6.8 million jobs during the onset of the coronavirus pandemic, according to a new report by the National Institute on Retirement Security. It also found $612.6 billion in pension benefits were paid […]

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]]> Canadian economy posted record drop in second quarter due to pandemic https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/ https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/#respond Mon, 31 Aug 2020 04:13:04 +0000 https://cumulus.benefitscanada.com/uncategorized/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/ The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before starting to recover in May and June. Statistics Canada said Friday real gross domestic product contracted at an annualized rate of 38.7 per cent for the quarter, the worst posting […]

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]]> https://www.benefitscanada.com/canadian-investment-review/research-markets/canadian-economy-posted-record-drop-in-second-quarter-due-to-pandemic/feed/ 0 Statistics Canada says first quarter GDP worst showing since 2009 https://www.benefitscanada.com/canadian-investment-review/cir-news/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/ https://www.benefitscanada.com/canadian-investment-review/cir-news/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/#respond Mon, 01 Jun 2020 04:48:59 +0000 https://cumulus.benefitscanada.com/uncategorized/statistics-canada-says-first-quarter-gdp-worst-showing-since-2009/ Canada’s economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to the novel coronavirus, Statistics Canada said Friday, warning an even steeper drop may be coming. Gross domestic product fell at an annualized rate of 8.2 per cent in the first quarter, including a 7.2-per-cent drop in March […]

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