No Canadian Teams in the Hockey Playoffs Trip Up GDP

The video discusses the impact of no Canadian teams in the playoffs on Canada's GDP, particularly in the arts, entertainment, and recreation sectors, which saw a 3.9% decline in April. This decline is attributed to a lack of spectator sports, similar to past events like the 2014 Sochi Olympics and the 2012 NHL lockout. Although this sector represents less than 1% of Canada's total output, Doug Porter from the Bank of Montreal suggests that GDP could have risen by 0.2% if Canadian teams had participated in the playoffs.

What was the percentage drop in the arts, entertainment, and recreational component of Canada's GDP in April?

• 5.2%

• 4.5%

• 3.9%

• 2.5%

Which past event is mentioned as having caused a similar decline in the arts and entertainment category of GDP?

• The 2018 PyeongChang Olympics

• The 2014 Sochi Olympics

• The 2010 Vancouver Olympics

• The 2016 Rio Olympics

During which year did the NHL labor dispute and lockout occur, leading to a pronounced decline in GDP?

• 2016

• 2010

• 2012

• 2014

What percentage of total output in Canada does the arts and entertainment category represent?

• 5%

• 10%

• Less than 1%

• 2%

According to Doug Porter, how much could the headline monthly GDP have risen if Canadian teams had made the playoffs?

• 0.3%

• 0.2%

• 0.4%

• 0.1%