Canada Risks 500,000 Jobs, $37B GDP as a Result Of Travel Restrictions. As Canada keeps its borders shut to tourism, Statistics Canada reports the travel restrictions will lead to an estimated loss of 400,000 to 500,000 jobs, and a reduction in GDP between $27.9 billion and $37.1 billion. The Stats Canada Economic Insights article presents five scenarios representing the impact on GDP and jobs based on when travel restrictions are lifted and the speed of recovery. The longer it takes for restrictions to be lifted and the slower the recovery, the larger the likely impact, concludes report author, Huju Liu.
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