Ontario is reporting 1,057 cases of #COVID19 and nearly 33,600 tests completed. Locally, there are 228 new cases in Toronto, 178 in Peel, 82 in York Region and 71 in Hamilton.
As of 8:00 p.m. yesterday, 8,839,445 doses of the COVID-19 vaccine have been administered.
— Christine Elliott (@celliottability) May 29, 2021
How much — exactly — has the pandemic cost Canada? Star analysis finds toll is more than $1.5 billion a day
The pandemic’s impact on the economy has been staggering — and complicated.
Some of the typical measurements are in conflict: the stock market is soaring while 1.5 million Canadians are out of work. Many of the largest companies recorded historic profits while one quarter of small businesses reported revenue drops of 30 per cent or more.
Gross Domestic Product (GDP) contracted in the past year, though the Bank of Canada projects a promising return to pre-pandemic growth. The federal government poured huge sums of money into stimulus measures, but Finance Minister Chrystia Freeland says an economic rebound will help cover the debt.
