Canada | Vaccines offer hope of return to pre-Covid-19 activity by end-2021
Despite a partial recovery in H2 2020, Canada’s GDP contracted by 5.4% last year with a secondary wave of COVID-19 infections slowing growth. All provinces are still in various stages of lockdown but after a slow start, vaccinations have accelerated. We assume that vaccinations in Canada will be complete by September, allowing pre-COVID-19 levels of activity by end-2021.
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