October 20, 2021
Economy

As the U.S. economy ignites, Canada hits a rough patch

Signage for the Bank of Montreal at the corner of King St. West and Bay St., is illuminated by a shaft of sunlight in Toronto’s Financial District on Feb 11 2021

Fred Lum/The Globe and Mail

The United States is accelerating toward an economic recovery as it sheds COVID-19 restrictions and reclaims a sense of normalcy, far different from the rough patch in Canada’s rebound.

Helped by a speedy vaccination push, the U.S. is showing signs of revival. Baseball fans are back in stadiums, if not at the same density. Domestic travel is on the mend, filling airplane seats and hotel rooms. And restaurant reservations are tougher to snag in New York, once an epicentre of the global pandemic.

Canada, meanwhile, is grappling with a third wave of COVID-19 that’s led to tighter restrictions, along with another round of layoffs in hard-hit service industries.

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