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

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.

 

 


Disclaimer
The website https://kalkinemedia.com/ca is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001. The principal purpose of the content on the website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK