Source: Pete Evans, cbc.ca, March 27, 2020
Experts are saying the economy could shrink more than it did in 2009.
The black swan has landed.
The novel coronavirus pandemic is well underway worldwide, but it wasn’t until this month that Canadians started coming to grips with the economic pain it can bring, in addition to its heavy human toll.
Economists are struggling to come up with best guesses as to what might be coming. There’s still a lot that they — and we — don’t know. But the picture they’re painting for Canada’s financial future is already bleak.
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