The magnitude of change in the Canadian economy since the onset of COVID-19 has been profound. From February to April, total employment has fallen by three million, while hours worked has declined by almost 30%. Flash estimates of gross domestic product, published by Statistics Canada in mid-April, projected a 9% decline in gross domestic product in March.
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The research article "Recent Developments in the Canadian Economy, 2020: COVID-19, first edition," part of Economic Insights, is now available.
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