COVID-19 roundup: Canada’s GDP hit hard by first two months of pandemic, but StatCan projects growth for May

Statistics Canada building and signs are pictured in Ottawa in July 2019. The Canadian Press/Sean Kilpatrick

This article is a preview of The Logic’s Daily Briefing newsletter, sent every weekday. Sign up for a free trial.

It’s day 112 since Canada’s 100th coronavirus case. The number of cases is 104,145 as of publication time, up 227 since yesterday—a 30.3 per cent decrease from the seven-day prior average of 326 new cases. At its peak on May 3, the seven-day average was 1,603 new cases a day. 

The number of COVID-19 cases at an Amazon warehouse in Minnesota last month were at least four times greater than the infection rate of surrounding communities, according to an internal memo reviewed by Bloomberg.

Green shoots amid GDP wreckage: Canada’s economy shrank by 11.6 per cent in April, Statistics Canada reported on Tuesday, as COVID-19-related shutdowns hit almost every sector. Across the first two months of the pandemic, real GDP dropped nearly a fifth, leaving millions out of work. But the agency indicated better news to follow, with a preliminary projection of three per cent growth in May, as output resumed in fields like manufacturing and retail.

Read this article for free

By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

Already a subscriber?