What does the coronavirus mean for your business?
Given the fast-evolving situation, it is difficult to fully assess the economic impact of the coronavirus outbreak as well as the precautionary measures being implemented by governments. As of early March, the Public Health Agency of Canada had assessed the public health risk associated with the coronavirus as low for Canada.
Assessing the impact of the current outbreak on Canada’s economy
Although Asia and Europe are bearing the brunt of the virus’s economic impact, Canada’s economy will be affected. The following sections take a deeper look at the consequences for our economy. Note that this letter does not assume that there will be a lockdown of the economy as was the case in Hubei and is the case in Italy.