But Statistics Canada reported that overall economic activity was still around five per cent below its pre-pandemic levels in February. It also added that early indications are economic growth will slow to about 0.7 per cent in September, which would mean overall third-quarter growth of approximately 10 per cent.
The latest figures from Statistics Canada also line up with the Bank of Canada’s declaration earlier this week that the economy has moved out of its rip-roaring recovery phase and into a slower-growth “recuperation” stage. Some parts of the economy will be unable to totally reopen until there’s a vaccine, he said, while rising and falling infection rates will influence how consumers and businesses behave and prompt varying levels of government-enforced restrictions.Article content continued
Some of the growth through the summer months was generated by hard-hit businesses that are once again subject to restrictions, such as bars, restaurants and gyms. Other sectors, like education, have had one-off booms in activity.
Unless JT as Canada's PM resign, there is no chance to any social or economic recovery whatsoever.
debt debt and more debt... told you so.
Huh crazy talk! The liberals on Twitter keeps saying there’s always been debt and it’s always been rosy. But since our debt has doubled and our new finance minister says take on more debt, that must mean things will be twice as rosy!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Statistics Canada says economy grew 1.2 per cent in August as pace of growth slowedStatistics Canada says the pace of economic growth slowed in August as real gross domestic product grew 1.2 per cent in the month. Its probably thanks to JT privatizing transport through Amazon and still using the existing Canada post, bc thats what Amazon does here lol No one believes them anymore. Recent history is propaganda for PMJT parroted by the MSM with corrections a month later barely mentioned by the MSM. 33.1% in the US. Compared to them our measly 1.3% is embarrassing. TrudeauMustGo
Source: CTVNews - 🏆 1. / 99 Read more »
Eurozone growth soars record 12.7 per cent but fears grow for winterThe European economy grew by an unexpectedly large 12.7 per cent in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year.
Source: CTVNews - 🏆 1. / 99 Read more »
Start Planning Now For Mail Delays Over Holidays: Canada PostIt’s only October, but Canada Post says you should start thinking about holiday shopping now. What's new. There's always some excuse for them this time year ... they're either holding us for ransom with a strike or understaffed for some other reason ... Covid is just the icing on the cake! Better yet send an E-transfer to love one's as a gift instead of a package. No delays and no stamps required!
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Privacy investigation finds 5 million shoppers' images collected at malls across CanadaWithout customers’ knowledge, more than five million images of Canadian shoppers’ were collected through facial recognition software used by Cadillac Fairview, a parent company of malls across Canada, according to an investigation by privacy officials. well moron CTV news .... this info is gone ..................ha ha ha we a fked If this keeps up people we’ll know more about you than you do. Hope they got my good side😂
Source: CTVNationalNews - 🏆 82. / 51 Read more »