×






    *All information provided is confidential and your privacy is protected

    #1 Re/Max TEAM In Toronto & GTA***

    • #3 re/max team in canada***
    • #7 Re/Max Team in the World***
    • #1 Individual re/max Agent in the world**

    Canadian Economy Affected More than Originally Predicted

    According to a new Conference Board of Canada report, the recession caused by the coronavirus pandemic will hit Canada twice as hard as initially anticipated. The organization first estimated that Canada was only going to have a 4.3 per cent GDP decrease by the end of 2020, but this was back in April when the country was still shut down, and the forecast to come was still uncertain. 

    Now that the economy is trying to adjust to the new norm, it is evident that the damage will be a lot worse as the board now says Canada will have an 8.2 per cent GDP decline by the end of 2020.

    Read more from the News Source HERE