COVID-19 causes Canada’s GDP to plummet 11.6%: ‘This rivals the Great Depression’ says economist

COVID-19 causes Canada's GDP to plummet 11.6%: 'This rivals the Great Depression' says economist 1

 

Carleton's Ian Lee breaks down the grim news about Canada's GDP and warned that outbreaks in the U.S. could complicate the recovery.

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12 Comments on "COVID-19 causes Canada’s GDP to plummet 11.6%: ‘This rivals the Great Depression’ says economist"

  1. sanjay bakshi | June 30, 2020 at 6:17 PM | Reply

    Turn off the lights the partys over!

  2. Trudeau made things much worse.

  3. Brent Warren | June 30, 2020 at 6:40 PM | Reply

    Thanks China

  4. Correction: the government’s reaction to COVID-19 caused GDP to plunge 11.6% in April.

  5. Covid-19 Comes from a Wuhan BSL4 Lab | June 30, 2020 at 8:48 PM | Reply

    Trudeau wants an Election this Fall. Doesn’t matter Canada’s on borrowed time. I think we’re done being the third world’s refuge. Sucks, but no Canada day for me. Let it rain, I can survive anything anywhere I just want to relish in the fact that my enemies can’t.

  6. CHINADA is finished with colorface in Ottawa

  7. Unfortunately in Canada we have a Trudeau led government is spending money, that has nothing to do with COVID relief, I get spending on COVID, I have a tough time with Trudeaus non COVID spending, which is enormous!!!

  8. greatest depression

  9. Budget will balance itself.

  10. The Gatekeeper | June 30, 2020 at 10:34 PM | Reply

    No mention of the years of deficit spending since 2015 that left our country in a weakened economic state and the knee jerk spending policies since Covid 19 became a pandemic that have resulted in an estimated Trillion dollar plus debt and $250 Billion dollar deficit this year alone. Incompetent and inept political leadership from Trudeau and Morneau have crippled Canada for the foreseeable future. Our children and their children will be paying for their inability to properly manage the Canadian economy.

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