Did Justin Trudeau's Pandemic Regulations Impact Canada's GDP? | CA Market Updates

March 02, 2021
12:36 AM EST

Team Kalkine

Team Kalkine
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Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

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.

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