Re: Newfoundland Will be the First Domino to Fall: Province is Teetering on Bankruptcy

[Anonymous]

Close to 229,000 people were employed in Canada's conference and event sector, which generated $33 billion a year, according to a study done by Oxford Economics.

[Anonymous]

The Conference Board of Canada predicts Canada's economic contraction during the second quarter of 2020 is estimated to be a staggering 25 per cent, with even the first quarter pulled into negative territory despite the lockdowns only starting in the final two weeks of March.



A strong rebound in the final two quarters of 2020, though, is expected to continue into the next year, with the Conference Board projecting economic growth of six per cent for 2021.