With containment measures starting to be lifted in some parts of the country, we saw a resumption of job growth at a national level in May. We expect this to accelerate as the economy continues to reopen, but we have a long way to go, and not all the jobs that were lost are coming back.
Important fiscal efforts are keeping as many Canadians as possible attached to their jobs and helping households and companies make it through the crisis. These efforts are supporting Canadians now and will position the economy for recovery. In our latest interest rate announcement, we said that we expect economic growth to resume in the third quarter.