VANCOUVER—The economic impacts of COVID-19 varied across Canada with Alberta experiencing the steepest decline in economic activity in 2020 and Quebec experiencing the sharpest decline in employment, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“While all provinces were hurt by COVID and the measures to manage it, some weathered the economic storm better than others,” said Livio Di Matteo, professor of economics at Lakehead University, senior fellow at the Fraser Institute and author of Storm without End: The Economic Impact of COVID-19 on Canada and the Provinces.