UPDATE 1-RBC CEO sees bigger hit to Canada from coronavirus than financial crisis, slower recovery
07 Apr UPDATE 1-RBC CEO sees bigger hit to Canada from coronavirus than financial crisis, slower recovery
Posted at 17:20h
in
News
by KMFSLLP
The Canadian economy will
suffer a bigger hit from the coronavirus pandemic than the
2008-09 financial crisis, with a recovery likely to take longer
than expected, but “significant” fiscal stimulus will help ease
the impact, Royal Bank of Canada’s chief executive said
on Wednesday.
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