The 5% drop was the sharpest quarterly decline since Q4 of 2008
The annual contraction will be the worst since post-WWII
Home prices are expected to bounce back eventually, but the timing of a recovery is uncertain
The additional cost to the program depends heavily on the outlook for the economy
The economic should start to rebound in Q3, but the bounce back won’t last, Macklem says
Both the NDP and Green Party have called for a wealth tax
Economic recovery from Covid-19 expected to be “slow and gradual”
CERB has been extended by an additional eight weeks
It was the second month in a row for negative inflation
The government hopes fewer people will need CERB as restrictions ease