The United Kingdom’s exit from the European Union—while not immediately impactful—has the potential to cause disruptions in the future, as “Brexit” will require the United Kingdom (among the world’s largest economies) to exit the jurisdiction of the Comprehensive Economic and Trade Agreement (CETA) trade agreement between Canada and the European Union (EU). [...] Section I describes some of the factors that Section II analyzes the impact of COVID-19 have impacted the Canadian economy since on the general Canadian economy and the release of the previous report. [...] For the rest of the year, the UK will be in negotiations with the EU to determine the terms of an exit deal.13 During this time, the UK will not have a seat in European institutions like the European Parliament and the European Commission, but it will still be governed by EU regulations and be part of EU trade agreements such as Canada-EU CETA. [...] The question remains whether a second wave will return in the fall alongside the regular flu season.41 Canada remains in the “middle of the pack” in terms of its success in keeping the virus contained. [...] The mining sector was responsible for 3.5% or $87 billion and forestry accounted for 1.4% or $23 billion.158 Canada has the 3rd largest resource endowment per capita in the world; controls the 3rd largest proven oil reserves in the world; is the 5th largest oil producer in the world; has the 3rd largest forested area in the world; is a top destination for non-ferrous mining; has the 2nd lowest hou.
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