The Real Economy, Canada: Volume 5
THE REAL ECONOMY |
Canada’s financial system, as measured by the RSM Financial Conditions Index (a composite of stress factors in Canada’s equity, bond, commodity and money markets), has been impacted by disturbing and unprecedented circumstances that have ravaged the Canadian economy.
While it is difficult to forecast when and how the recovery will take shape, Canada’s economy was already showing weakness before the onset of COVID-19, which adds to the likelihood of a U- rather than V- shaped recovery.
Also in this issue: West Coast ports tell the story of just how deep the supply shock runs, and business owners look to their commercial insurance policies to recover economic losses as a result of COVID-19
For a summary of key findings from The Real Economy, Canada: Volume 5, see our news release.