Canada's March GDP shrinks a record 9% from February: Statscan flash estimate

OTTAWA: Canada's economy shrank a record 9% in March from the previous month as the coronavirus outbreak forced the shutdown of economic activity during the course of the month, Statistics Canada said in a flash estimate on Wednesday.

The monthly decline in gross domestic product (GDP) was the most since the series started in 1961, Statscan said in its first-ever release of a flash estimate for growth.