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Top News In கனடியன் துலிப் திருவிழா Today - Breaking & Trending Today

Elissa Michele Zacher | The Epoch Times


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Economics Grad Helps Keep the Bahamian Economy Strong and Stable


By Dan Rubinstein
Tourism is the biggest industry in the Bahamas, employing about two-thirds of the Caribbean nation’s workforce directly and indirectly and providing more than half of its gross domestic product.
Banking is the second biggest business. The financial services sector, which supports hundreds of commercial banks, offshore banks, insurance companies, trust companies and offshore companies, accounts for 15 to 20 per cent of its gross domestic product (GDP).
Even though the Bahamas has a population of less than 400,000 and is spread out over more than 700 islands, cays and islets of the Lucayan Archipelago, it has the third-highest GDP per capita in the Americas after the United States and Canada. ....

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COVID-19 pandemic has cost Ottawa's tourism sector $2.6 billion


 
OTTAWA
The COVID-19 pandemic has cost Ottawa s tourism industry $2.6 billion, the head of Ottawa Tourism said Thursday, warning it will take years for the sector to fully recover.
With Premier Doug Ford set to unveil Ontario s reopening plan Thursday afternoon, Ottawa Tourism President Michael Crockett expects that recovery will begin with a focus on staycations and regional travel.
The necessity of being able to move around is certainly going to be a prerequisite for a full recovery of the tourism sector,” Crockett said on CTV Morning Live. “We will need people to be able to move within the province and hopefully from other provinces to our province as well. ....

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