Statistics Canada will report this morning how the national economy fared in the second quarter of 2020, which is widely expected to show the steepest drop on record due to the COVID-19 pandemic.
The country's central bank has forecast that April, May and June would be the worst three-month stretch for the economy this year since those months span the height of prevention-related shutdowns.
Average economist expectations are for an increase in output of 5.6 per cent in June, according to Refinitiv. On Thursday, governor Tiff Macklem told an international gathering of central bankers that not all small and medium-sized businesses are going to be able to reopen even as restrictions to contain COVID-19 are rolled back.
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