Ottawa, March 3 (TIWN) Canada's gross domestic product shrank 5.4 per cent in 2020, the worst year for the country's economy since record keeping began in 1961, according to authorities.

Canada's gross domestic product, including the total value of all goods and services it produced, grew by 2.3 per cent in the last quarter of 2020, but that was nowhere near enough to offset the record-setting plunge it experienced during the first wave.