News & Resources

Media Coverage

Latest Insights
Press Releases
Latest Insights

Canada’s economy grew in the last months of 2020, despite COVID-19 lockdowns

January 29, 2021

Adam Corbett, Canada & currency analyst at Cambridge Global Payments, also expects growth to slow as consumers spend no more than they need to.

“As consumers contribute approximately 56 per cent to the Canadian economy, in the absence of their spending, the burden shifts to governments and businesses to fill the void,” he said