Despite renewed lockdowns this spring as a third wave of COVID-19 hit Canada, economic data suggests that activity is rebounding. Here we present five charts that will guide us in tracking the Canadian economy in the second half of 2021. The Economy Continues to Work Its Way Back: After contracting sharply in the first half of 2020, Canadian real GDP surged in the second half of the year. The strong performance continued into the first quarter of 2021, with real GDP surging by 5.6% (quarter-over-quarter, annualized rate); however, the economy remains 1.7% smaller than it was before the pandemic. Analysts surveyed by ... (full story)