The Canada Recovery Tracker (CRT) fell 0.6ppts to 85.6 in the week ended April 23, its fifth consecutive decline, but the health index rose for the first time since early March. Tighter restrictions are weighing on mobility and activity, while employment and financials show further resilience. Vaccinations are accelerating, and new cases appear to have plateaued, reaffirming our view that the economy will push through the third wave and continue growing in Q2. A sustained reopening of the economy this summer should kick-start more robust growth in H2 2021.
What you will learn: