A study from the C.D. Howe Institute estimates Canada would have lost $156 billion in economic activity in 2021 had COVID\u002D19 vaccines been rolled out six…
That would have been equivalent to about 12.5 per cent of Canada’s gross domestic product.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The institute put a $27.6-billion value on deaths that were prevented, dwarfing the cost of vaccines. The institute used two models to analyze the direct net costs and benefits of the vaccination program. Wyonch said they were limited by the availability of data. Wyonch said there was a calculated risk in making procurement decisions before knowing what would be effective. But, she said, it would allow for quicker deployment.
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