COVID-19 took a record 38.7 per cent toll on Canada’s economy during the second quarter.
It’s the worst showing for GDP since Statistics Canada started tracking it in 1961.
The month-over-month data for June showed a a 6.5 per cent rise, suggesting the economy began to turn a corner.
Statistics Canada estimates a 3.5 per cent expansion in July in its latest flash estimate.
More to come.
Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.