The Canadian Press/Nathan Denette
News

COVID-19 roundup: Canada’s tech sector ‘a beacon of light’ amid pandemic

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It’s day 134 since Canada’s 100th coronavirus case. The number of cases is 112,073 as of publication time, up 376 since yesterday—an 18 per cent decrease from the seven-day prior average of 458.7 new cases. At its peak on May 3, the seven-day average was 1,603 new cases a day. 

The bright side: Small businesses have felt the financial fallout of COVID-19, but as the economy starts to reopen things are looking up, per a new BMO report. In particular, “the tech sector is a beacon of light in a very cloudy economic outlook,” wrote chief economist Douglas Porter, citing its growing share of the country’s output and the 7.5 per cent average annual increase in employment in computer systems design and related services between 2014 and 2019.

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