Canadians shouldn’t expect the short and sharp economic bounce\u002Dback expected over the coming months to last.
But he warns that Canadians shouldn’t expect the short and sharp economic bounce-back expected over the coming months to last.tap here to see other videos from our teamThe combination of uneven reopenings across provinces and industries, the unknown course of consumer confidence, and unemployment rates will “likely inflict some lasting damage to demand and supply,” Macklem says in a speech today.
He says ongoing physical distancing rules may mean workplaces can’t be as productive as they once were, adding that many services will remain difficult to deliver.tap here to see other videos from our teamThe combination suggests the economy’s productive capacity will take a hit that will persist even as public health restrictions ease, Macklem says in a webcast speech to Canadian Clubs.
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