Virus variants and supply shortages weigh on short-term outlook
The organization modestly downgraded its growth forecast for this year
Jimmy Jean, who became chief economist in May, anticipates the economy will grow by 4.9% in 2021
Shortages crimp global growth, cloud Canada's outlook
Leading indicators see weakening in still-strong recoveries
Cases are still rising in Canada, but they're starting to fall elsewhere
RBC cuts 2021 provincial forecasts, despite positive momentum in most regions
Disruptions prove more significant than expected, as demand remains robust
Since the pandemic began, this is the first such move for a major central bank in Asia
The province is putting an additional $2.2 billion toward Covid-19 spending