As COVID-19 spread throughout the world, countries mandated lockdowns to slow the transmission of the disease. As a result, economic activity ground to a halt around the globe, and Canada was no different.
Contents of the Summer 2020 edition:
- The three Maritime provinces will perform better than most other parts of the country this year.
- Provinces dependent on the energy sector will have tougher time recovering from the recession.
- Ontario’s economy would have fared even worse this year were it not for the ability of employees in the key financial services industry to work remotely.
- For most provinces, economic activity will not return to pre-COVID-19 levels until the second half of 2021.