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Coronavirus: StatsCan to release GDP figures for March, first quarter of 2020
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Canada’s central bank is to release its view of the effects of COVID-19 and its outlook for the domestic economy. The Bank of Canada announcement today will come after the International Monetary Fund predicted Tuesday that the national economy will contract by 6.2 per cent this year.
Its report said heavy government spending in Canada and elsewhere to help households pay bills and businesses to stay afloat may need to be scaled up if the pandemic persists. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] Statistics Canada is also to release gross domestic product figures for March and the first quarter of the year.
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COVID-19
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