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Kalkine Media ASX Share Market News & Research

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

March 02, 2021 12:36 AM EST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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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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