Bloomberg Canada officially entered a recession in the first quarter of 2020, according to the C.D. Howe Institute. Preliminary data for the first quarter showed a deep contraction in economic activity coupled with a weakening labour market. This was enough to suggest the country fell into a recession, the report said. The institute concluded that Canada hit the peak of ...

Bloomberg UK business confidence slumped the most on record last quarter as financial leaders said they see no quick recovery from the coronavirus downturn. On average, the 104 chief financial officers (CFOs) in Deloitte’s quarterly survey said they expect revenues this year to be more than a fifth lower than previously anticipated. Most said they do not see demand recovering ...

Bloomberg The UK risks failing to recruit the 50,000 customs agents the logistics industry says are needed before Britain’s final parting with the European Union, spelling potential chaos at the country’s busiest border. The coronavirus hampered efforts to train staff to handle the extra paperwork firms will need to complete after the UK exits the EU’s customs union at the ...