Future of Work
A curated resource of recent research on trends shaping Canada's labor market.
Businesses are adapting to COVID-19 by identifying new opportunities or lending support to the fight against the pandemic. Some have shifted production towards new products and services or prioritized current high-demand products. However, it is now clear that companies — especially in harder hit sectors such as tourism — will face long-term challenges. In a May 2020 survey of Canadian exporters about the challenges faced related to COVID-19, EDC found that April was the rock-bottom, and things are starting to improve for Canadian exporters. They found that 83% of business had fully or partially reopened. The biggest challenge to companies doing business outside of Canada is travel restrictions. Overall, the survey finds evidence that the worst is behind us but that Canadian exporters are preparing for possible long-term impacts a year or more from now, especially regarding their ability to do business outside of Canada.