Economists and analysts are claiming that Canada’s GDP shrunk by over 5 per cent in 2020, as Prime Minister Justin Trudeau-led Canadian government imposed strict lockdowns and doled out generous pandemic aid.
Official Canadian GDP figures are expected tomorrow.
Berkshire Hathaway has bought back a record US$ 24.7 billion of its own stock in 2020, owner Warren Buffett recently announced in a letter to investors.
Berkshire Hathaway bought about US$ 9 billion of its shares in the fourth quarter of 2020. The letter added that the company “made no sizable acquisitions” last year and acknowledged the US$11 billion writedown was due to the “mistake” of paying “too much” for industrial parts maker Precision Castparts.
Canadian freight carrier Cargojet (TSX: CJT) posted a strong top line for the fourth quarter of 2020. The company booked C$ 187.1-million revenues, against C$ 139.7 million in Q4 2019.