The global economic outlook improved in April, as vaccination efforts accelerated and a select number of countries began easing lockdown restrictions. The outlook in North America brightened following a flurry of new stimulus measures in Canada and the U.S. In Canada, the Federal Government unveiled its 2021-22 budget, including a litany of new spending measures. South of the border, President Biden announced details of the US$1.8 trillion American Families Plan, which included a long list of new programs to support middle-class families. Looking abroad, the European economy shrunk in the first quarter of 2021, while China…
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