Canada’s Economy Grew While Still In The Middle Of The Global Pandemic

All signs are pointing to a strong recovery for Canada’s economy

Before the start of the global pandemic in 2020, Canada’s economy was stable, with nominal growth in some sectors. The federal government spent record amounts of money keeping the economy from sinking into a global recession in the last two years.

With the increase of billions to the national debt, to the government’s credit, the economy has seen a growth of over 1 percent. That may not seem like a lot, but considering the circumstances of the last few years that saw entire industries collapse and sectors and thousands of businesses close their doors permanently, this is good news for the country.

Let’s consider that and the record amounts of jobs added in addition to a decreasing national unemployment rate. Canada is just one of a few countries poised to rebound strongly from the pandemic.