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Jordan Press
Shipping containers are stacked at the Fairview Cove Container Terminal in Halifax on Friday, Oct. 19, 2018. THE CANADIAN PRESS/Andrew Vaughan January 29, 2021 - 9:27 AM
OTTAWA - Canada s economy appears to have suffered its worst year on record as the national statistics agency s preliminary estimate showed a contraction of 5.1 per cent in 2020.
The flash estimate, which has yet to be finalized, is worse than 1982 when the economy contracted by 3.2 per cent, which was the worst over the course of six decades of comparable data.
Not even at the height of the global financial crisis were things as bad as they were last year when real gross domestic product fell 2.9 per cent in 2009.