Canada
The Canadian economy is the result of a largely privatised market that consists of mostly manufacturing and services industries. It is the 9th freest economy around the world with a large private sector and a handful of public services like transport, postal and electric services.
In the past, Canada was established around the industry development of manufacturing and services. The economic contributions from other basic industries like agriculture have always amounted little. The early policies in the country supported this growth with subsidies and policies to develop and promote slow growth areas which prompted many major enterprises to set up manufacturing process in Canada.
In more recent years, the trade policies have seen a shift in order to compy and make ease with trade across borders in North America help immigrants within the country. This has left many of the earlier enterprises established under older policies unprotected. The shift of the service sector as the largest revenue generator was imminent and it currently employs three forth of the Canadian workforce.
As multiple sectors in the Canadian market were struggling to align with the new policies, the arrival of the pandemic has put the country straight into recession. With social distancing measure in place, about 59% of the business declared closure in May at its peak while other businesses observed their work from home employees increased from about 16% to over 32%. Canada is taking great measures to keep the unemployment rate to the minimum and control inflation which has been caused by trade problems of necessities.
In these trying times, the well-established IT sector has risen to the forefront in helping other small, medium and large businesses to stay afloat. The major services that rose to the occasion and kept the Canadian economy flowing were cloud infrastructure, teleworking, VPN and broadband. Additionally, despite the worldwide layoff, Canadian tech companies are opening doors for opportunities in modern branches of big data, cybersecurity, robotics and AI, as well as traditional tech roles of analysts, programmer and technicians.
Every industry is seeking an IT solution to their problems and rapidly adopting cloud solutions to help create a streamlined workflow for home-based employees. The IT sector in Canada was producing jobs at an unprecedented rate before 2020. The arrival of pandemic put a halt to the boom of this industry but by no means could reasonably dent the demand for IT services. The Canadian economy is already working double time to bounce back on its growth graph, and IT has major backing to offer.