The 10 Minute Take - The road to recovery for Canada’s provinces

May 15, 2020 | Brian Moore


RBC Senior Economist Robert Hogue joins us for a special series on Canada’s regional economic outlooks.

The 10 Minute Take Podcast

The bad news: COVID-19’s brutal toll on provincial economies is worse than we previously anticipated. The provinces are expected to contract between 4.8% and 11.2% in 2020—by far the deepest recessions we’ve ever seen. The good news is that we’re heading into the recovery phase. Barring any setbacks, the worst is behind us. We’ll generally see a slow start, followed by a meaningful rebound in activity over the second half of the year continuing into 2021 – with each province going at its own pace.


Click here for the full podcast; The 10 Minute Take.