EWC - Gauging The Impact Of COVID-19 On The Canadian Economy
By Kurt Reiman, Daniel Donato
Kurt and Daniel discuss why effective policy coordination is key to supporting a swift economic recovery and avoiding a protracted slowdown, as well as some of the investment implications.
Last week's March Labour Force Survey provided the first glimpse into the impact of widespread containment measures and materially lower oil prices on the Canadian economy. The Canadian labour market shed over two million jobs in March and the unemployment rate rose 2.2 percentage points to 7.8%, representing the largest one-month increase in more than four decades, according to Statistics Canada.