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Description: Canada’s economy lost over 60,000 jobs in December. This was the first drop in employment Canada experienced since April, a month when the early days of the Covid crisis hit especially hard. The service sector – not surprisingly given the various public health restrictions – took the largest hit.

Date:  January 8, 2021

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/jobs-december-statscan-1.5865905

Discussion points:

1) Do you know anyone who lost their job in December?

2) How do you think the current Covid-19 trends may impact on your plans for a job after school ends in April or May? How about your classmates?

3) In Wiley’s Auditing: A Practical Approach we learn various things an auditor must consider in planning an audit approach (in particular, see Chapter 3). What would auditors have to factor into their analysis this year as they look at economic conditions like higher unemployment?

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