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About: Economic impact of the COVID-19 pandemic in Canada     Goto   Sponge   NotDistinct   Permalink

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The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5% in May 2020, the highest it has been since 1976.