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RBC Says Q4 GDP Growth Contraction Possible Amid New Covid Restrictions

CANADA
(MNI) OTTAWA
  • Royal Bank of Canada economists report: "The economy itself remains on course for a sharp rebound in Q3 output (+45% at an annual rate by our monitoring)"
  • They note rise in Covid case loads and new restrictions on Ontario and Quebec eateries/bars: "At least for now, these restrictions do not suggest a contraction of growth in Q4, but the threat certainly remains."
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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