Canadian GDP contracts 9% in March as COVID-19 upends economy [Toronto Globe and Mail (Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Toronto Globe and Mail
Canadian GDP contracts 9% in March as COVID-19 upends economy A woman wearing a protective face mask passes the boarded-up H&M store at the Eaton Centre in Toronto on April 6, 2020. Chris Helgren/Reuters Although the federal and provincial governments are beginning to talk about how Canadian authorities might eventually start loosening the restrictions on work and movement they've imposed to keep COVID-19 from spreading, Prime Minister Justin Trudeau says actually doing so is some time off. The Canadian Press A woman wearing a protective face mask passes the boarded-up H&M store at the Eaton Centre in Toronto on April 6, 2020. The Canadian economy plunged by 9 per cent in March as COVID-19 started to upend business operations, with even uglier results expected for April. In an estimate, Statistics Canada on Wednesday said the decline in gross domestic product for March would be the largest one-month contraction in records dating back to 1961. For the entire first quarter, GDP wou
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