Estimates suggest that retail sales increased by 24.5% in June
New projects are still at risk due to pandemic hotspots
Companies have limited time in current operating conditions before taking drastic measures
Commodity exposure, Covid-19 prevalence underpins economic fallout
For the first time this year, spending outpaced last year's levels, RBC reports
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
The federal wage subsidy has paid nearly $17.1 billion, while CERB has paid $53.53 billion
Economists expected a decline of 15%
Pandemic's effect on immigration represents a key economic threat