Statstics Canada says the economy grew by 4.5 per cent in May as businesses began to reopen after severe lockdowns of March and April.

The overall increase in May came as six of seven subsectors recorded higher sales.

Statistics Canada says the economy added nearly one million jobs in June as businesses forced closed by the pandemic moved to reopen.

A Reuters poll of economists suggests a resurgence in coronavirus infections and high unemployment were the two biggest risks to that recovery.

The federal Liberals may be more concerned about the next election than the implications of their unprecedented spending spree, Mike Smyth says.

The federal government's fiscal snapshot, released Wednesday, breaks down several possible scenarios.

Fitch Ratings stripped Canada of its triple-A credit rating on Wednesday over what it called "the deterioration of Canada's public finances" due to the COVID-19 pandemic.

Equifax says the average non-mortgage debt in Canada fell to $23,386.

The first cohort of CERB recipients will hit the current 16-week limit early next month.

In July, the central bank will release an updated economic outlook for the country and make its next interest rate announcement.