VANCOUVER—Canada's economy was the weakest entering the COVID-recession compared to the last five pre-recession or economic slowdown periods, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
"Canada's economy, whether measured by growth in income or business investment, or the strength of our labour markets, was the weakest in the four years (2016-19) leading up to the COVID-recession relative to the four previous comparative periods," said Jason Clemens, executive vice president of the Fraser Institute and co-author of Comparing Economic Performance in Five Pre-recession Periods.
