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Canada, known for its strong economy and comprehensive social safety net, has encountered significant challenges due to the Covid-19 pandemic and the ongoing war in Ukraine, complicating its recovery. The pandemic led to a sharp 5.1% decrease in Canada’s real GDP in the second quarter of 2020, as reported by Statistics Canada. Despite a rebound, the recovery has faced setbacks. The Ukraine conflict exacerbated economic difficulties, causing global energy prices to spike and driving Canadian inflation to a 30-year high of 6.7% in March 2023. This forced the Bank of Canada to increase interest rates. Join this channel to get access to perks: Support us on Patreon - Website - Instagram - Facebook - Twitter - Telegram - This channel is owned, operated, and managed by, TFI Media Private Limited. #justintrudeau #ukrainewar #militaryaidtoukraine #trudeau #justintrudeaunews #canadianarmedforces #billblair #russia #ukraine #russiaukrainewar #ukrainenews #tfiglobal #canadaeconomy #news #newsanalysis #breakingnews #geopolitics
