Canada Recession

Pick: Have a Wedding, or Keep Your Job

Cassandra Scrimgeour | Posted 05.16.2012 | Canada Living
Cassandra Scrimgeour

I'm employed on contract. I'm thankful for this. But when this contract ends, what will be next? What if my luck runs out and I can't find anything? The thought of unemployment fills me with anxiety, and a fear I feel in my bones. It's unknown territory that I'm not anxious to discover.

Recession? Economists Say No, But Good Reason To Believe Otherwise

CP | Julian Beltrame, The Canadian Press | Posted 03.16.2012 | Canada Business

OTTAWA - Is Canada in a recession? A majority of Canadians think so. The data and economists say otherwise.The issue arose when pollster Michael Marzo...

Europe's Recession Is A Done Deal... What About Canada?

CP | Malcolm Morrison, The Canadian Press | Posted 02.17.2012 | Canada Business

TORONTO - The Toronto stock market cruises into the Christmas holiday period this week, a time that in most years has seen little movement in markets ...

Greece Is Just the First to Fall

Peter Worthington | Posted 01.03.2012 | Canada Business
Peter Worthington

Let 'em go. Let 'em make their own way until they change their minds and rejoin the club and adhere to existing rules. If that means another recession, or even a depression, better now than at some time in the future when damage will be even greater.

It May Get A Little Rough, But Canada Isn't Heading For Recession: Flaherty

CBC | Posted 01.01.2012 | Canada

Canada is not entering a recession, Finance Minister Jim Flaherty told MPs Tuesday, despite turbulence in world markets. Spea...

Canada's Food Banks See Recession-Level Demand

CP | Heather Scoffield, The Canadian Press | Posted 12.31.2011 | Canada

OTTAWA - The number of people using food banks in Canada remains near record highs, two years after the end of the last recession.The annual study don...

Could the Greek Economic Crisis Happen to Us?

Andreas Souvaliotis | Posted 12.20.2011 | Canada Business
Andreas Souvaliotis

Do we understand exactly what has historically earned us top marks in the world's balanced scorecard -- and are we doing everything we can to maintain that wonderful distinction, primarily on behalf of those who will inherit this beautiful country from us?

Canada's Growth Will Be Slow, But No Recession: Report

CP | Julian Beltrame, The Canadian Press | Posted 12.20.2011 | Canada Business

OTTAWA - The Canadian economy will likely be able to avoid a double-dip recession, predicts a new report as fresh evidence emerged that Canadians have...

Canada's Rich Get Poorer, Income Gap Still Looms Large

CP | Heather Scoffield, The Canadian Press | Posted 09.07.2012 | Canada Politics

OTTAWA - New data shows the richest of the rich actually got relatively poorer in Canada during the recession, while the other 99 per cent made some g...

Let Greece Default

Peter Worthington | Posted 12.17.2011 | Canada Politics
Peter Worthington

There is no rescuing Greece. If the country will not submit to regulations that people like Mark Carney would probably endorse, better that it not be propped up. Let it abandon the euro and revert to the drachma, until it comes to terms with itself.

Canada's Incredible Shrinking Deficit

David Frum | Posted 12.16.2011 | Canada Politics
David Frum

Good news! Canada's budget deficit is shrinking even before the federal government introduces its budget cuts. There's an important lesson for the whole world from the Canadian experience: the actions a government might take to reduce its deficit -- cutting spending, raising taxes -- can prolong the recession.

The Real Story Behind Canada's Employment Numbers

Scott Boyd | Posted 12.12.2011 | Canada
Scott Boyd

For many, the improving job growth numbers were seen as a sign that the Canadian economy was back on track despite fears that the economy was tipping back towards recession. Dig a little deeper into the numbers, however, and the headline may not be as positive as it first appears. In fact, it could be downright deceiving.

Why Canadians Should Occupy Vancouver

Mark Crowley | Posted 12.11.2011 | Canada
Mark Crowley

On Oct. 15 the #occupywallstreet protests will arrive at cities around the world and in one of the birthplaces of the movement in downtown Vancouver. ...

In an Economic Storm, Canada Holds the Best Umbrella

Andrew Pyle | Posted 12.11.2011 | Canada
Andrew Pyle

Assuming Mr. Carney and his fiscal policy counterparts maintain their credibility, the country may very well hang on to number one for another year at least. That's good news for business and it might just be the thing that softens the blow to our equity market should the gyrations of the past few months continue.

Can the Winnipeg Jets Win in a Loser Region?

David Gratzer | Posted 12.08.2011 | Canada
David Gratzer

As the game returns to Winnipeg, it says much about the country and its newfound prosperity. The anemic Loonie now trades near parity. The real estate market didn't collapsed and the federal government's debt-to-GDP ratio is about a third of America's.

WATCH: IMF Advisor Warns Global Collapse May Be 2 Or 3 Weeks Away

The Huffington Post Canada | Daniel Tencer | Posted 12.07.2011 | Canada Business

If European leaders can't hammer out a solution to the continent's runaway credit crisis, the world's economy will face a collapse larger than the one...

#OccupyWallStreet Proposals Add Up

Simon Zadek | Posted 12.06.2011 | Canada
Simon Zadek

Who is listening to the folks camping out in downtown Manhattan? President Obama should call out the root cause of his shortcomings at the polls, but is otherwise engaged in retaining Wall Street support for his re-election campaign. And what of us, informed and active, democracy-loving citizens?

Canada Recession Unlikely, Says Flaherty

CP | Julian Beltrame, The Canadian Press | Posted 12.04.2011 | Canada Business

OTTAWA - The Harper government is ruling out any immediate new action to stimulate growth and job creation, federal Finance Minister Jim Flaherty said...

Balancing the Books on the Backs of the Poor

Sen. Art Eggleton | Posted 11.30.2011 | Canada
Sen. Art Eggleton

Although the Harper government has no problem spending money, I believe that they will probably ramp up the cuts that have already started. We must make sure that we are not balancing the books on the backs of the poor. Make no mistake, poverty costs us all. It forces up our tax bills and depresses the economy.

Rachel Mendleson

Stagnant Wages + Low Confidence = Bad Times For Canada Ahead

HuffingtonPost.com | Rachel Mendleson | Posted 11.29.2011 | Canada Business

As unsettling economic news dominates the headlines, evidence is mounting that Canadian consumer spending will continue to disappoint in the months ah...

Governments Powerless to Prevent Another Recession

Jeffrey Rubin | Posted 11.29.2011 | Canada
Jeffrey Rubin

The more you hear about the extraordinary efforts that governments around the world are taking to promote economic growth, the less confident you can be in the result.

Was Trudeau a Disaster for Canada? Yep.

David Frum | Posted 11.28.2011 | Canada
David Frum

Three subsequent important prime ministers -- Brian Mulroney, Jean Chretien and Stephen Harper -- invested their energies cleaning up the wreckage left by Pierre Trudeau. Finally, nobody speculates any more about Canada defaulting on its debt, or splitting apart, or being isolated from all its major allies.

Sunday Roundup

Danielle Crittenden | Posted 11.25.2011 | Canada
Danielle Crittenden

As the economy took another nosedive this week, British Prime Minister David Cameron told the House of Parliament that our own prime minister had gotten "every major [economic] decision right." Stephen Harper returned the favor by lauding Cameron's handling of the British economy. The speech signaled the pair's unity going into the upcoming G20 summit in Cannes in November. It also sparked -- as our own Althia Raj reported -- a scramble by the NDP to make ties with the British Labor Party. In more home news, HuffPost and Indigo -- where our Editor-at-Large, Heather Reisman, is CEO -- have teamed up to observe this week's Banned Books Week. I'll be posting a different book each day that has been banned or challenged somewhere on the planet. Do your bit by choosing your own banned book, and reading it!

Canada Has Tools To Deal With New Recession

CP | Julian Beltrame, The Canadian Press | Posted 11.24.2011 | Canada

WASHINGTON - Canadian financial policy-makers ended two days of meetings Saturday expressing some confidence that European authorities have been seize...

Loonie Stays Below Parity As Markets Stay Jittery

CP | Malcolm Morrison, The Canadian Press | Posted 11.22.2011 | Canada Business

TORONTO - The Toronto stock market racked up another steep decline Friday, the third in a string of selloff days that have seen investors flee the vul...