GDP fell by a whopping 38.7%.
Canada’s GDP fell by a stunning 38.7% in Q2 (April, May, June), amid lockdown measures and the worldwide economic collapse caused by the CCP Virus.
That GDP drop is the worst ever recorded in Canadian history.
While there have been signs of a recovery beginning, Canada is not expected to recover fully until sometime in 2022. Further, that would only be a recovery to where we were when the CCP Virus hit, not to where we would have been.
It is likely that economic activity will be on a lower course for many years due to the impact of the CCP Virus.
Making matters worse is the fact that rather than unleash Canada’s energy sector and rebuild Canadian manufacturing, the Liberals are pursuing a far-left ‘green’ agenda that will make life even more expensive, add to Canada’s debt, slow economic growth, make us more dependent on foreign nations, and ship good jobs out of our country.
The Liberals are taking this crisis, and making it even worse.
Spencer Fernando
