Canadian economists looking toward the future say 2021 could bring rapid market changes and positive job creation,
but potential growth may hinge on a successful vaccine rollout and a wider feeling that the pandemic is coming to an end.
Canada’s unemployment rate sat at 8.6 per cent as of December 2020,
down from a record high in May 2020 when it leapt to 13.7 per cent as the economy ground to a halt.
In February 2020, the month before the pandemic hit, Canada’s unemployment rate was 5.6 per cent.
Everything considered, 2020 wasn’t as bad as economists first feared,
according to Moshe Lander, an economics professor at Concordia University.