December 15 2020 5:57pm

Coronavirus: Canada’s economy could suffer in 1st quarter of 2021 with rising COVID-19 infections

Canada’s economy could contract in the first quarter of 2021 as rising COVID-19 infections dampen near-term growth, Bank of Canada Gov. Tiff Macklem said on Tuesday. While speaking with reporters, Macklem said that while the arrival of effective COVID-19 vaccines had created more clarity around when the pandemic will end, the worsening second wave was putting a “chop” in the recovery.

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