The year 2020 presented several challenges for companies struggling to survive amidst the global pandemic. However, some business have been able to weather the storm despite one of the steepest drops in Canada’s real GDP on record.
In 2019, the country reported a real GDP of roughly $1.64 Trillion (T). In 2020, that figure dropped to $1.57 T, a difference of more than $70 Billion. While Canadians continue to work at regaining those losses, some businesses have managed to prosper throughout the pandemic-induced instability.