No Canadian Teams in the Hockey Playoffs Trip Up GDP

No Canadian Teams in the Hockey Playoffs Trip Up GDP

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the last event that caused a similar decline in the arts and entertainment category of output?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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