Home Economy COVID-impact survey shows signs of recovery, but businesses will keep tight watch through fall

COVID-impact survey shows signs of recovery, but businesses will keep tight watch through fall

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Economic recovery will vary depending on the sector, according to tax, audit and consultancy firm RSM Canada, which released a separate report Tuesday.

Alex Kotsopoulos, a partner atRSM Canada, said the overall Canadian economy is performing better than predicted following a slow and staggered reopening in the provinces following March shutdowns.

Provinces with a greater proportion of their economy dedicated to areas such as natural resources will lag behind others

Alex Kotsopoulos, RSM Canada

“However, it’s likely that provinces with a greater proportion of their economy dedicated to areas such as natural resources will lag behind others,” he said, adding that “additional investment or focus may be needed to support these areas.”

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