Economic Impact of the COVID-19 Pandemic on Canadian Businesses across Firm Size Classes

The economic restrictions and social distancing measures during the COVID-19 pandemic have caused major disruptions to Canadian businesses. This Economic insights article examines the impact of COVID -19 on the economic activity of Canadian businesses across firm size classes. It focuses on two measures of economic activity: actual hours worked of employees engaged in production in firms and real output (as defined as real gross domestic product, GDP) of the firms.