Canada's economy shrank by almost 20% in March and April, but turnaround seen in May data

Canada's economy shrank by 11.6 per cent in April, the biggest plunge on record, following March's contraction of  7.5 per cent as COVID-19 lockdowns began.

Statistics Canada reported Tuesday that all 20 categories the data agency tracks were lower, and they added up to the biggest monthly plunge since record-keeping began in 1961.

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