Canada Récession

TSX Recovers (Somewhat) From Tuesday's Steep Drop

CP | The Canadian Press | Posted 09.02.2015 | Canada Business

The Toronto Stock Exchange posted a solid, double-digit gain Wednesday, but it wasn't nearly enough to make up for the sharp drop of the previous session.

New Liberal Ad Features Trudeau On An Escalator

The Huffington Post Canada | Mohamed Omar | Posted 09.02.2015 | Canada Politics

The escalator stops working at one point, but he fixes it.

This Recession Is Inconvenient for Harper

Brent Rathgeber | Posted 09.01.2016 | Canada Politics
Brent Rathgeber

The worst kept secret regarding the economy was made official today -- Canada is in a recession. There is nothing technical about it; the definition of a recession is relatively straightforward: two consecutive quarters with negative economic growth. The fact that this definition might not be convenient for a sitting government's, which holds itself out as brilliant economic managers, political fortunes is irrelevant. By any objective standard, the Canadian economy is under-performing.

TSX Dives On News Of Canadian Recession, Chinese Slump

CP | Peter Henderson, The Canadian Press | Posted 09.01.2015 | Canada Business

TORONTO — The Toronto Stock Exchange fell by triple digits on Tuesday as markets around the world dipped and new data confirmed Canada fell into rec...

How to Recession-Proof Your Finances

Jeffrey Schwartz | Posted 09.01.2016 | Canada Business
Jeffrey Schwartz

Well, it's official, or at least technically official: we're in a recession. What this means for the greater economy will be debated by economists, analysts, and politicians. But what this means for the average Canadian is pretty clear -- things aren't as secure as they used to be.

Canadians Owning Property in the U.S. Could Cash in on the Weak Loonie

Cleo Hamel | Posted 09.01.2016 | Canada Business
Cleo Hamel

For the past few years, Canadians have been taking advantage of our dollar being worth about the same as the U.S. dollar. From buying up real estate to cross-border shopping, being on par with the U.S. dollar has had its advantages. However, in the last few months, economic factors have driven the Canadian dollar down. It may be time to regroup and look at some strategies to make the weakening dollar work for you.

Canada Faces ‘One Of The Strangest Recessions Ever'

The Huffington Post Canada | Daniel Tencer | Posted 09.01.2015 | Canada Business

Canada met the technical definition of a recession — two quarters of negative growth — in the first half of this year, numbers from StatsCan confi...

Harper Spins GDP Numbers Into Positive

CP | Stephanie Levitz, The Canadian Press | Posted 09.01.2016 | Canada Politics

"This confirms the renewed growth that most had been predicting.''

Canada's Economic Stats Bring Harper Good (And Also Bad) News

CP | Alexander Panetta, The Canadian Press | Posted 08.31.2016 | Canada Politics

Economic statistics can be a pretty good predictor of election trends — which is why so many people involved in Canada's current federal campaign are bracing for the release of quarterly GDP data on Tuesday.

Canada's 'Technical Recession' Will Be Short-Lived, Economists Say

CP | The Canadian Press | Posted 08.31.2016 | Canada Business

Economists say data out this week is likely to show that Canada slipped into a technical recession in the second quarter, but the contraction should be short-lived.

Kenney Tries To Redefine 'Recession'

CBC | Posted 08.30.2016 | Canada Politics

Conservative candidate Jason Kenney laid the groundwork for a broader definition of "recession" just a few short days before GDP numbers for the se...

This Is The Week We Find Out Officially If Canada's In Recession

CP | The Canadian Press | Posted 08.30.2016 | Canada Business

As the federal election heads into its fifth week, a slew of economic data will reveal how Canada's economy is doing at mid-year.

5 Reasons Not To Panic About Canada's Economy

CBC | Posted 08.28.2016 | Canada Business

A recent spate of frightening economic headlines paints a dire picture of the economy, but an examination of some basic gauges of Canadians' financia...

Harper's Economic Record Is Sub-Mediocre

Ralph Goodale | Posted 08.21.2016 | Canada Politics
Ralph Goodale

Canadians are stuck with $158-billion in new Harper debt -- without much to show for it. There are 160,000 more jobless Canadians today than before Stephen Harper took power. Job quality is at a 25-year low. Household debt is near a record high. Canada's trade deficit this year has topped $13-billion. The Liberal legacy was a decade of balanced budgets, average annual economic growth over three per cent, consistent trade surpluses every month of every year, 3.4-million net new jobs, lower debt, lower taxes, record high Transfer Payments to the provinces. That's what Mr. Harper inherited in 2006. But Mr. Harper blew it.

If A Canadian Recession Hits, Who's Most At Risk Of Losing Their Job?

CBC | Posted 08.13.2016 | Canada Business

Is Canada in a recession? So far, the messages are mixed. But there's little doubt the economy is slowing down, and many people are wondering about th...

Canada's Economy Shrinks For 5th Straight Month

The Huffington Post Canada | Daniel Tencer | Posted 07.31.2016 | Canada Business

Canada's economic contraction accelerated in May, shrinking 0.2 per cent on the month, Statistics Canada said Friday. That marks the fifth straight...

Data Doesn't Show A Canadian Recession, Economists Say

The Huffington Post Canada | Daniel Tencer | Posted 07.28.2015 | Canada Business

Canada’s economy shrank in the first four months of the year, but the evidence does not show a recession and it’s “too soon to declare a downtur...

Tories Shut Down Move To Get Oliver To Testify On Budget Claim

CBC | Posted 07.27.2016 | Canada Politics

A Conservative-dominated parliamentary committee voted against a process Monday that would have likely called on Finance Minister Joe Oliver to testif...

MPs Urge Committee To Give A Hoot About Deficit Forecast

CP | The Canadian Press | Posted 07.27.2015 | Canada Politics

Last week, the parliamentary budget office released an analysis that showed Ottawa was headed for a $1-billion shortfall in 2015-16.

Majority Believes Canada Already In Recession: Poll

The Huffington Post Canada | Daniel Tencer | Posted 07.22.2015 | Canada Business

A majority of Canadians isn't buying Finance Minister Joe Oliver’s assertions that Canada has avoided a recession. Fifty-eight per cent of respon...

Oliver Says No To Quantitative Easing

CP | Michelle Mark, The Canadian Press | Posted 07.21.2016 | Canada Business

Oliver says such a policy is "not on the table" because 90,000 jobs have been created this year.

The Conservatives Have Steered Canada Into a Preventable Recession

Jerry Dias | Posted 07.21.2016 | Canada Business
Jerry Dias

How far has Canada's economic star fallen? Only recently Prime Minister Stephen Harper boasted that Canada's economy was "the envy of the entire world." That claim was always overstated. Now it is downright ludicrous. We must look to government for a more effective response to the recession. Unfortunately, however, that looks like another policy dead-end. Because so far the response of federal Conservatives has been as ineffectual as it is predictable: deny, point fingers, and spread fear.

Mr. Harper's Feeble Leadership Has Resulted in a Feeble Economy

Ralph Goodale | Posted 07.14.2016 | Canada Politics
Ralph Goodale

Listening to Stephen Harper talk about the economy, you get the distinct impression that someone else entirely must have been running the country for the past 10 years. Since 2006, Canada has been stuck with the weakest economic growth record in eight decades.

Amid Bad Economic News, Home Construction Keeps Booming

CP | The Canadian Press | Posted 07.09.2016 | Canada Business

OTTAWA - The pace of new housing starts picked up in June and came in better than expected, defying a recent trend of disappointing economic news.Cana...

Recession? It's Too Early To Say

CP | Geordon Omand, The Canadian Press | Posted 07.07.2016 | Canada Politics

VANCOUVER - Finance Minister Joe Oliver is tempering his optimistic outlook on the country's economy, saying it's too early to tell whether Canada has...