Rising infections undermining economic rebound
The report could "speak volumes about the medium-term rate outlook," says an economist
Hurdle remain for Canada's workforce, however, with high unemployment forecasted to linger
Canadian government bonds were among the strongest performers
Updated GlobalData forecasts point to widespread growth contractions in Canada
Unexpected return to weakness more likely than a robust recovery
Forecast sees rebuild through 2022, assuming strict lockdowns aren't needed again
Lower growth, higher debt, greater ESG demand seen in post-pandemic world
Lost service sector output likely gone forever, investment and immigration are long-run concerns too
GDP to fall 6.2% this year, predicts the bank