Economic recovery from COVID-19 and the impact on municipalities
RECORDED WEBCAST |
The global and Canadian economies have been substantially impacted by COVID-19. During the pandemic’s second wave, we saw stricter lockdown measures quickly being reinstituted. In December, after months of solid employment gains in Canada and the United States, economic conditions worsened considerably. With the rollout of the vaccine being slower than anticipated and riddled with challenges; this results in the economic recovery in Canada likely to take longer.
This session focuses on assessing COVID-19’s impact on municipal revenues and analyzing various recovery scenarios outlined in The Real Economy, Canada (RSM’s quarterly economic publication), as Canada’s economic recovery will depend largely on economic conditions in the United States. Also discussed was the impact of the new administration on Canada’s economy and municipalities.