How bad will Canada’s COVID-19 recession be? The country’s financial future appears to be bleak, as the Conference Board of Canada is assuming that most industries will be shut down for at least six weeks — if lockdowns and quarantines don’t stretch to six months. “Brace yourself for some horrible data in the near-term, as there’s little doubt that the second quarter will produce some painful and likely historic figures on economic contraction,” said the economics team at TD Bank. (Source: CBC) Read the original story…
