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Record-breaking declines in Canadian economic activity failed to interfere with gains in risk assets last week. Kurt and Daniel put all the events of the past week in context and provide some thoughts on the outlook from here.
Statistics Canada reported a 9.0% monthly decline in GDP for the February to March period - the worst reading since the series began in 1961. This was the reporting agency's first attempt at a flash estimate for GDP and, given the unprecedented nature of the economic shutdown, this estimate will likely face