Economics
Canada Economy Suffers Less From Third Wave Ahead of Rebound
- Lockdowns caused back-to-back monthly contractions of 0.3%
- Economy appears to have already recovered after reopenings
People walk past a reopened outdoor restaurant in Montreal, Canada, in early June. The city endured months under curfew this year to curb a wave of Covid-19 cases.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
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Canada’s economy shrank less than expected during a spring surge of Covid-19 cases, continuing its run of surprising strength.