Dollars and SenseNews
Due to the coronavirus, Canada’s GDP shrank by 9% in March
Source: Erica Alini, globalnews.ca
StatCan says from January-to-March, growth contracted by around 2.6%.
The Canadian economy shrank by an estimated nine per cent in March as the novel coronavirus pandemic forced a partial lockdown of the country, Statistics Canada said on Wednesday.
The figure represents the steepest one-month decline since similar record-keeping began in 1961, the agency said in a special flash estimate prompted by the need to have real-time gauges of economic activity amid the health emergency.
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