GDP

Think-tank says the local economy "will not escape the impacts of the COVID-19 pandemic.”
Gains have been linked to the loosening of restrictions that forced non-essential businesses to close this spring, but haven't been enough to haul the economy back to pre-pandemic levels.
GDP contracted at an annualized rate of 38.7%, the worst posting for the economy dating back to when comparable data was first recorded in 1961.
But early estimates point to growth of 3% in May.
The outsized influence of the federal government on the local economy means Ottawa will fare better than many other Canadian cities.
Weakness in the mining sector and troubles for the transportation sector caused by winter weather and a derailment that cut a key rail line weighed on the economy in February.
The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday.
The Canadian economy, which contracted to start the year, bounced back in February, led by gains in the mining and oil and gas extraction sector.
The economy surged past expectations with across-the-board growth in the second quarter, giving the country its best start to a calendar year since 2002, Statistics Canada said Thursday.
Sturdy economic growth and a central bank survey showing renewed business optimism reinforced expectations that Canada's first interest rate hike since 2010 could be less than two weeks a