Provincial Outlook Summary Spring 2020
Measures in place to slow the spread of COVID‑19 have brought the Canadian economy to its knees. Canada is in the midst of an economic crisis unlike anything that most of us alive today have ever experienced.
Contents of the Spring 2020 summary:
- Unprecedented decline in economic activity
- No province will be spared from recession
- Alberta will be hardest hit due to pandemic restritions combined with the drop in demand for oil
- Canadian economy in for strong rebound next year