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Placeline/People

City Vaughan

Country Canada

Near-term economic pain to give way to gains with vaccines, Macklem says

Bank of Canada governor Tiff Macklem says earlier-than-expected arrivals of vaccines, coupled with rising COVID-19 case counts, will mean a mixed bag for the economy in 2021. Macklem says the economy could go in reverse for the first quarter of 2021 before improving as vaccinations roll out.

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