Economic performance
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Economy plunged record 11.6 per cent in April
Statistics Canada said gross domestic product fell 11.6 per cent in April
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Trade confidence hits an all-time low
Export Development Canada says its trade confidence index fell to 56.0 compared with 69.3 per cent at the end of 2019
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Economy will grow in 2021 if there isn’t another national shutdown
The Conference Board of Canada estimates the economy will shrink 8.2 per cent this year, and return to growth with a 6.7-per-cent rise in 2021
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Exports to drop 20 percent this year
Export Development Canada is forecasting a drop followed by rebound in 2021
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Virus crisis has triggered worst global recession in nearly a century
OECD’s best-case forecast is a global drop in economic output of six percent this year
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Kroger and Ocado to open three new DCs
Great Lakes, Pacific Northwest and West regions of the United States will be home to the automated fulfillment centres
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Pandemic highlighting weaknesses in Canadian trade and supply chain
Global trade in raw commodities to decline as Covid-19 makes it more difficult to move people and goods around the world, expert says
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Manufacturing to return to 2019 levels in five years
Pandemic manufacturing contraction forecast at 7.6 percent
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Dubai’s reliance on global economy threatens survival
Hub for the free movement of trade, people and money worldwide has been disrupted by the coronavirus pandemic
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Global trade projected to plunge in Q2 2020
United Nations predicts a 27 percent decline