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Schembri: COVID-19, savings and household spending
Good afternoon. I am grateful for the opportunity to speak to Restaurants Canada once again. Your association represents more than 80,000 businesses across our country and in normal times would employ more than one million people. But we are not living in normal times. Everyone’s life has been disrupted by the COVID-19 pandemic. Unfortunately, some families have suffered heavily, experiencing severe illness and death. The economic impacts of the pandemic have been very uneven, and your industry has borne a heavy burden. Tens of thousands of jobs have been lost, thousands of restaurants have closed, and others are ... (full story)
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RECAPPING: @bankofcanada SCHEMBRI: BOC DECISION BALANCED BETTER GROWTH OUTLOOK, COMMODITIES VS. UNEMPLOYMENT, VIRUS UNCERTAINTY, INFLATION PICTURE; SEES UPSIDE RISK FOR ECONOMY FROM POSSIBLE POP IN HOUSEHOLD SPENDING BECAUSE OF HIGH PERSONAL SAVINGS #canada #economy #pandemic
— Mace News (@MaceNewsMacro) March 11, 2021