Canadian economy posts worst showing on record in 2020

The Canadian economy posted its worst showing on record in 2020 as the novel coronavirus pandemic swept the country, shutting down businesses and putting people out of work.

Real gross domestic product shrank 5.4 per cent in 2020, the steepest annual decline since comparable data was first recorded in 1961.

The drop was mostly due to the shutdown of a large part of the economy in March and April during the first wave of the pandemic. As David Akin reports, there are signs the economy is bouncing back.

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Source: Global News

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