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There were employment gains in sectors that were hardest-hit by public health restrictions

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Economic shutdowns and restrictions led to a 3.2% decline in consumption last year

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The positive result topped expectations

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The "deep slide" in the deficit reflects economic deterioration and pandemic response spending


Consumers' spending and personal incomes both fell sharply

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Banks are mostly sitting on households' extra cash, research finds

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Job openings in healthcare jumped, while vacancies in gyms and restaurants plunged

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Statistics Canada reported that government supports offset a sharp drop in household income

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Government still has capacity to support recovery and outlook is stable

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Continued support from the Fed will be required