Canada’s economy posted its largest monthly decline on record in April, according to new figures from Statistics Canada.
Gross domestic product (GDP) fell by 11.6 per cent in April, following a 7.5 per cent decline in March.
The decline was felt across all 20 industrial sectors of the Canadian economy, according to the agency.
April marked the first full month of measures put in place to slow the spread of COVID-19.
But there is some good news – Statistics Canada says preliminary information indicates a three per cent increase in GDP for May.
The agency said output across several industrial sectors and the public sector increased as activities gradually resumed in phases.
