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Conference Board of Canada expects 5% decrease in Saskatoon’s GDP growth

Canada covid-19 saskatchewan covid-19 Coronavirus Saskatoon COVID-19
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globalnews.ca:

The Conference Board of Canada is projecting Saskatoon will be one of the hardest hit metropolitan economies this year because of the novel coronavirus pandemic.

A new report from the board shows it expects Saskatoon’s gross domestic product (GDP) growth to drop 4.9 percentage points compared to 2019, making it the third worst-hit city behind Calgary and Edmonton.

The economic forecasting associate director said the pandemic has taken a drastic toll on the Canadian economy and no region is exempt from the negative economic impacts. “All major metropolitan economies are forecast to contract in 2020.

However, assuming the virus’ spread is contained, and firms can return to normal operations over the summer months, a recovery should begin in

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United States
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