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Latest Research

Consumer confidence plummets to a record low

Consumer confidence fell to a record low and saw its steepest monthly decline in April. The drop comes on the heels March’s record decline and shows that COVID-19 is making Canadians across the country anxious. The speed of the decline is unprecedented, and a sign of how quickly Canada’s economy is deteriorating.

Quick-take
Focus Area—Canadian Economics

Job losses top 1 million, with more to com

In the first wave of COVID-19 related job losses, Canada lost over one million jobs in March. This was the largest monthly employment decline ever and we expect even more job losses in April as the full impact of mandatory closures and physical distancing measures are reflected in the data. The initial job losses were concentrated in accommodations, food service, retail trade and cultural industries. April is likely to show a broader decline as more businesses scale back due to mandatory closures and reduced demand

Quick-take
Focus Area—Canadian Economics

Canadian outlook summary: Spring 2020

Canada’s economic growth ground to a halt in the fourth quarter of 2019. With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a collapse in oil prices have brought the country to the brink of recession.

Report
Focus Area—Canadian Economics

Staggered start: Variations in hospital bed capacity

As people cope with public health measures such as social distancing and 14-day self-isolation periods, provinces and territories across Canada are working hard to anticipate how many people might require hospitalization from COVID-19. As projections in Ontario and other provinces are being released, health care systems need to determine if they have the capacity to treat a potentially large influx of patients over the coming weeks.

Blog
Focus Area—Health