Research Briefing | Jul 5, 2021

Canada | Acceleration in vaccines will boost economy in the remainder of 2021

With a second surge of COVID in April, Canada sustained a longer lockdown than the US. GDP climbed 1.4% in the first quarter while employment increased 0.2%. Vaccinations accelerated in the quarter, pushing the rate to just under 20% of the population fully vaccinated. Rates are expected to be on par with the US by September, which should boost GDP to its 2019 peak in Q3 2021.

To learn more about our predictions for Canadian cities, watch our video below. If you would like to learn more about this topic, complete the form to download the full report.

 

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