The Bank of Canada says the first quarter of 2021 will witness a decline in GDP, and vulnerable service-industry workers are likely to be hit the hardest by the recent and ongoing lockdowns.

Stephen Harper was Canada’s Prime Minister from 2006 to 2015. He earned a bachelor’s degree and a master’s degree in economics from the University of Calgary.

NASDAQ Inc, the stock exchange operator has filed a proposal with the Securities and Exchange Commission, the main financial regulating body in the United States, to impose diversity quotas on company boards if they want to be listed publicly.

Canada’s budget deficit is set to hit the historical figure of C$381.6 billion as the federal government’s spending continues. The Trudeau government is also considering another C$100bn stimulus package once the virus is curtailed.

The US gross domestic product, the main indicator of economic activity, grew at an annualized 31% rate, a new record indicating the US is on track to economic recovery.

The harsh travel restrictions put in place by the Canadian government to curb the spread of COVID-19 have cost Canadians 406,000 jobs and $23 billion in lost revenue for the tourism industry.

The COVID-19 crisis has forced governments around the world to push monetary stimulus through interest rate cuts and open market operations. It appears that Canada has taken this to a whole new level.

A new Pew Research poll shows that Canadians are highly pessimistic about the economic outlook of the country, and Justin Trudeau’s plan of a ‘Green Recovery’ will not bring enthusiasm anytime soon.