The data is full of devastation, but is also showing the emergence of redemption. Retail sales fell -16.4% m/m in April, weekly jobless claims continue to be an important source of fresh information, and more. Read Dan North's blog.
The April employment report showed wide-spread devastation, even if it was slightly better than expectations. The Canadian economy lost 2 million jobs in April after having lost 1 million the previous month. However the 2 million job loss was much better than expectations of 4 million.
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