OTTAWA—Canadian economic output plunged by a record amount in the second quarter, fueled by pandemic-related restrictions on activity, while data indicated that a strong expansion is in the offing for the current quarter. Based on early estimates, Canada could be one of the fastest-growing economies among the Group of Seven industrialized countries in the third quarter, economists said, reflecting the country’s relative success in slowing down the spread of Covid-19. Still, many warn there is a long road ahead before the country...

Source: Wall Street Journal August 28, 2020 14:34 UTC