{"id":934,"date":"2021-02-22T12:44:38","date_gmt":"2021-02-22T12:44:38","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2021\/02\/22\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/"},"modified":"2021-02-22T12:44:38","modified_gmt":"2021-02-22T12:44:38","slug":"how-canadas-economy-has-managed-through-the-second-wave-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/","title":{"rendered":"How Canada&#8217;s Economy has Managed Through the Second Wave of COVID-19"},"content":{"rendered":"<div style=\"position: relative; display: block; max-width: 960px;\">\n<div style=\"padding-top: 56.25%;\"><iframe src=\"https:\/\/players.brightcove.net\/6021289101001\/9C0IsGeGz_default\/index.html?videoId=6232805877001\" allowfullscreen=\"\" allow=\"encrypted-media\" style=\"position: absolute; top: 0px; right: 0px; bottom: 0px; left: 0px; width: 100%; height: 100%;\"><\/iframe><\/div>\n<\/div>\n<hr>\n<p>In the third edition of The Economic Pulse, Dawn Desjardins, RBC&#8217;s Deputy Chief Economist takes a closer look at Canada&#8217;s economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.<\/p>\n<hr>\n<div class=\"gd-wrap\" style=\"border: 1px solid #bfd3e8;\">\n<div class=\"gd-needtoknow\" style=\"background: #e5edf6; padding: 20px 0px; text-align: center; margin-bottom: 25px;\">\n<div class=\"row\">\n<div class=\"col-xs-2 text-center\">\n<\/div>\n<div class=\"col-xs-9\">\n<h4 style=\"margin: 14px 0px; color: #0051a5; line-height: 24px; font-family: 'Roboto Light', 'Roboto', Arial, Verdana, sans-serif; font-size: 24px; font-weight: 300;\">Key Takeaways<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\" style=\"margin-bottom: 25px;\">\n<div class=\"col-xs-2 text-center\">\n<div style=\"background: #e5edf6; border-radius: 50%; width: 40px; color: #0051a5; line-height: 40px; font-size: 24px; display: inline-block;\">1<\/div>\n<\/div>\n<div class=\"col-xs-9\">\n<p>Canada\u2019s economy fared much better during the second wave of lockdowns, with the economy expanding in November by almost 0.75 of a percentage point.<\/p>\n<\/div>\n<\/div>\n<div class=\"row\" style=\"margin-bottom: 25px;\">\n<div class=\"col-xs-2 text-center\">\n<div style=\"background: #e5edf6; border-radius: 50%; width: 40px; color: #0051a5; line-height: 40px; font-size: 24px; display: inline-block;\">2<\/div>\n<\/div>\n<div class=\"col-xs-9\">\n<p>The <a href=\"https:\/\/thoughtleadership.rbc.com\/canadas-housing-market-ramped-up-as-2021-rolled-in\/\">housing market<\/a> has continued to soar as we moved into January, with significant increase in sales and prices. Retail, although slower, has not experienced the weakening we saw near the end of 2020.<\/p>\n<\/div>\n<\/div>\n<div class=\"row\" style=\"margin-bottom: 25px;\">\n<div class=\"col-xs-2 text-center\">\n<div style=\"background: #e5edf6; border-radius: 50%; width: 40px; color: #0051a5; line-height: 40px; font-size: 24px; display: inline-block;\">3<\/div>\n<\/div>\n<div class=\"col-xs-9\">\n<p>Vaccinations in Canada have been slow, but we anticipate that by early summer, our economy will be able to open on a more sustained basis.<\/p>\n<\/div>\n<\/div>\n<div class=\"row\" style=\"margin-bottom: 25px;\">\n<div class=\"col-xs-2 text-center\">\n<div style=\"background: #e5edf6; border-radius: 50%; width: 40px; color: #0051a5; line-height: 40px; font-size: 24px; display: inline-block;\">4<\/div>\n<\/div>\n<div class=\"col-xs-9\">\n<p>Savings will be a major driver of growth, as Canadian households have amassed $200 billion in savings over the course of the last year.<\/p>\n<\/div>\n<\/div>\n<div class=\"row\" style=\"margin-bottom: 25px;\">\n<div class=\"col-xs-2 text-center\">\n<div style=\"background: #e5edf6; border-radius: 50%; width: 40px; color: #0051a5; line-height: 40px; font-size: 24px; display: inline-block;\">5<\/div>\n<\/div>\n<div class=\"col-xs-9\">\n<p>By the end of 2021, we will likely recover all of the losses generated by the pandemic.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dawn Desjardins, RBC&#8217;s Chief Deputy Economist takes a closer look at Canada&#8217;s economy during the second wave of COVID-19.<\/p>\n","protected":false},"author":260,"featured_media":931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,82,84],"tags":[11],"rbc_econ_content_type":[],"class_list":["post-934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-featured-analysis","category-insights","tag-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Canada&#039;s Economy has Managed Through the Second Wave of COVID-19 - RBC Economics<\/title>\n<meta name=\"description\" content=\"Dawn Desjardins, RBC&#039;s Deputy Chief Economist looks at Canada&#039;s economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Canada&#039;s Economy has Managed Through the Second Wave of COVID-19\" \/>\n<meta property=\"og:description\" content=\"Dawn Desjardins, RBC&#039;s Deputy Chief Economist looks at Canada&#039;s economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-22T12:44:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1236\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dawn Desjardins\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dawn Desjardins\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\"},\"author\":{\"name\":\"Dawn Desjardins\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/f7245d32cdb8ea12f0682290fb046ca4\"},\"headline\":\"How Canada&#8217;s Economy has Managed Through the Second Wave of COVID-19\",\"datePublished\":\"2021-02-22T12:44:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80\",\"keywords\":[\"Economy\"],\"articleSection\":[\"Canadian Analysis\",\"Featured Analysis\",\"Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\",\"name\":\"How Canada's Economy has Managed Through the Second Wave of COVID-19 - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80\",\"datePublished\":\"2021-02-22T12:44:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/f7245d32cdb8ea12f0682290fb046ca4\"},\"description\":\"Dawn Desjardins, RBC's Deputy Chief Economist looks at Canada's economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80\",\"width\":2560,\"height\":1236},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Canada&#8217;s Economy has Managed Through the Second Wave of COVID-19\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/f7245d32cdb8ea12f0682290fb046ca4\",\"name\":\"Dawn Desjardins\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/8587df248e526f74ab15a538a34333586c2b8b8c5444ee2a7d918bbf73719161?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8587df248e526f74ab15a538a34333586c2b8b8c5444ee2a7d918bbf73719161?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8587df248e526f74ab15a538a34333586c2b8b8c5444ee2a7d918bbf73719161?s=96&d=mm&r=g\",\"caption\":\"Dawn Desjardins\"},\"url\":\"https:\/\/www.rbc.com\/en\/economics\/author\/dawn-desjardins\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Canada's Economy has Managed Through the Second Wave of COVID-19 - RBC Economics","description":"Dawn Desjardins, RBC's Deputy Chief Economist looks at Canada's economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/","og_locale":"en_US","og_type":"article","og_title":"How Canada's Economy has Managed Through the Second Wave of COVID-19","og_description":"Dawn Desjardins, RBC's Deputy Chief Economist looks at Canada's economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/","og_site_name":"RBC Economics","article_published_time":"2021-02-22T12:44:38+00:00","og_image":[{"width":2560,"height":1236,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80","type":"image\/jpeg"}],"author":"Dawn Desjardins","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dawn Desjardins","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/"},"author":{"name":"Dawn Desjardins","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/f7245d32cdb8ea12f0682290fb046ca4"},"headline":"How Canada&#8217;s Economy has Managed Through the Second Wave of COVID-19","datePublished":"2021-02-22T12:44:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/"},"wordCount":181,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80","keywords":["Economy"],"articleSection":["Canadian Analysis","Featured Analysis","Insights"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/","name":"How Canada's Economy has Managed Through the Second Wave of COVID-19 - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80","datePublished":"2021-02-22T12:44:38+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/f7245d32cdb8ea12f0682290fb046ca4"},"description":"Dawn Desjardins, RBC's Deputy Chief Economist looks at Canada's economy during the second wave of COVID-19, focusing on the impact to GDP, the role of vaccines and the outlook for the rest of 2021.","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80","width":2560,"height":1236},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/how-canadas-economy-has-managed-through-the-second-wave-of-covid-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"How Canada&#8217;s Economy has Managed Through the Second Wave of COVID-19"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/f7245d32cdb8ea12f0682290fb046ca4","name":"Dawn Desjardins","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8587df248e526f74ab15a538a34333586c2b8b8c5444ee2a7d918bbf73719161?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8587df248e526f74ab15a538a34333586c2b8b8c5444ee2a7d918bbf73719161?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8587df248e526f74ab15a538a34333586c2b8b8c5444ee2a7d918bbf73719161?s=96&d=mm&r=g","caption":"Dawn Desjardins"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/dawn-desjardins\/"}]}},"author_meta":{"display_name":"Dawn Desjardins","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/dawn-desjardins\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Banner-wide-286-scaled-1.jpg?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/\" class=\"advgb-post-tax-term\">Featured Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Insights<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Featured Analysis<\/span>","<span class=\"advgb-post-tax-term\">Insights<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Economy<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Economy<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 5 years ago","modified":"Updated 5 years ago"},"absolute_dates":{"created":"Posted on February 22, 2021","modified":"Updated on February 22, 2021"},"absolute_dates_time":{"created":"Posted on February 22, 2021 12:44 pm","modified":"Updated on February 22, 2021 12:44 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=934"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/931"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=934"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}