Statistics Canada says the Canadian economy shrank by an estimated nine per cent in March as the novel coronavirus pandemic forced a partial lockdown of the country.
The agency says the figure represents the steepest one-month decline since similar record-keeping began in 1961–with economic disruptions both deep and widespread in the month of March.
Among the hardest hit by social distancing measures and government restrictions have been the travel- and tourism-related industries, such as personal transportation, restaurants and accommodation.
However, it adds, not all sectors of the economy declined in March.
Activity in the health sector, food distribution and online retailing and streaming have been growing.
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Gross domestic product by industry: Nowcast, March 2020. https://t.co/GL7z2AmAvd pic.twitter.com/cJgk4KA0Xj
— Statistics Canada (@StatCan_eng) April 15, 2020