Canada’s economy looks to be in recovery mode from the deepest recession ever if the country can avoid another pandemic related shutdown
The Conference Board of Canada reported an additional 300,000 jobs in May 2020 and slow easing of restrictions in June, indicating the worst impact on the labor market from COVID-19 has passed.
It is predicted that an additional 1.3 million jobs in Canada will be added before September, decreasing the unemployment rate to 10.5 percent. The Conference Board of Canada predicts if the country can avoid another nationwide shutdown, the economy could grow by 6.7 percent in 2021 and by an additional 4.8 percent in 2022.
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