A new report from economists at ING (which you can download here) looks at which economies are being hit hardest by the coronavirus supply chain shock and concludes Canada and Germany are the biggest losers:
"Of the world's 10 largest economies, Canada suffers most from the fallout of foreign supplies and Germany suffers most from weaker foreign demand."
Canada's economic weakness is corroborated by a massive hit to our labor market in March -1.55 million Canadians applied for employment insurance along with a 24% drop in job postings for the week ended March 27-a