Jun 22, 2020
Canada’s provinces are turning the corner on their road to recovery
Last week, Saskatchewan, PEI, and Quebec gave updates on their economic and fiscal situation. They weren't pretty, but there's been enough of a boost in activity that RBC Economics has adjusted its forecasts. Quebec was the most dramatic example, with the return of 30,000 jobs. Saskatchewan and PEI, meanwhile, also showed how much damage has been done, with declines in government revenues of 8-10%. Robert Hogue, RBC Senior Economist, shares his update on provincial economic recoveries.
Read the Saskatchewan report: https://bit.ly/2Ynowk3
Read the PEI report: https://bit.ly/3dsl1wR
Read the Quebec report: https://bit.ly/2BrLihG
For more insights about social, economic and technological trends, visit rbc.com/thoughtleadership.