Canada Récession

Canada's Economy Shrinks For 5th Straight Month

The Huffington Post Canada | Daniel Tencer | Posted 07.31.2015 | 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 07.28.2015 | 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 07.23.2015 | 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 07.22.2015 | 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 07.14.2015 | 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 07.09.2015 | 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 07.11.2015 | 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...

'First Off, We're Not In A Recession'

The Huffington Post Canada | Daniel Tencer | Posted 07.04.2015 | Canada Business

Finance Minister Joe Oliver denied it on Friday, but a growing number of economic analysts now say Canada is in a recession. The country's economy ...

Canada In A Recession, Bank Of America Says

Financial Post | Posted 07.02.2015 | Canada Business

Bank of America Merrill Lynch has become the first bank to call for a Canadian recession this year. Economist Emanuella Enenajor and her team now s...

Canadians' Mood On Economy Worst Since Great Recession

The Huffington Post Canada | Daniel Tencer | Posted 03.03.2015 | Canada Business

The collapse in oil prices has evidently shaken Canadians’ faith in the economy, and public attitudes are the most sour they have been since the Gre...

Sunny Freeman

Is Canada Headed For Another Recession? 8 Troubling Signs | Sunny Freeman | Posted 02.04.2015 | Canada Business

A string of dire economic news since the beginning of 2015 has many observers worried about whether Canada could be on the brink of another downturn, ...

Why Reports Say Canada's Economy Won't Recover For Several Years

Ralph Goodale | Posted 09.20.2014 | Canada Politics
Ralph Goodale

The Bank is particularly concerned about the substantial decline in the "participation rate" in our labour force since just before the recession in 2008. It reports that 100,000 people aged 25-54 have given up looking for work altogether and that things are even more dire among our youth, with 200,000 dropping out of the labour force.

Study Ties Recession To Suicide Rate

CBC | Posted 08.11.2014 | Canada Business

The financial crisis has been linked to a 4.5 per cent increase in Canada’s suicide rate, according to a study that estimates at least 10,000 extra ...

Is Globalization Finally Dead?

Peter Hall | Posted 08.05.2014 | Canada Business
Peter Hall

Even before the last economic cycle ended, the bell was tolling. The onset of crisis compounded the doomsaying. Me-first nationalism swept across the planet, threatening to undo the vast global integration that was the last cycle's hallmark. Is globalization dead?

Middle-Class Dreams A 'Myth More Than A Reality': Report

CP | Dean Beeby, The Canadian Press | Posted 04.25.2014 | Canada Business

OTTAWA - Canada's middle-class is mortgaging its future to stay afloat, making the Canadian dream "a myth more than a reality."That's the blunt assess...

'Storage Wars' Forgets to Acknowledge the Class War

Mariah Griffin-Angus | Posted 04.16.2014 | Canada TV
Mariah Griffin-Angus

Storage Wars, and its regional counterpart Storage Wars Texas, have made a killing off showing off the unsavoury, grimy side of failed capitalism: buying the contents of abandoned storage lockers in the hope of making a cheap buck. The mediocre aspirations of the show are depressing enough but the lack of class analysis is even more depressing.

Are Criminal Banks Trying to Crash the Economy Again?

Nick Fillmore | Posted 11.05.2013 | Canada
Nick Fillmore

Five years after the Great Recession of 2007-08 destroyed the lives of millions of people and cost trillions of dollars, many of the big investment banks that caused the near total meltdown are still involved in shady and sometimes criminal financial gambling schemes that could crash the world economy again.

Canadian Cities Mired In Recession

CBC | Posted 07.06.2013 | Canada Business

While labour force survey figures suggest that Canada overall has recouped all of the jobs it lost in the last recession, a new analysis suggests that...

Why We Can't Afford to Spend Our Country Out of Debt

Doug O. Jones | Posted 06.30.2013 | Canada
Doug O. Jones

With GDP forecast to grow by a mere 1.6 per cent this year, our governments (both provincial and federal) need consumers to keep on spending to prop up the economy. They need this while they, themselves, are struggling with ballooning deficits and debt loads.

Our Job Deficiency: A Challenge to the IMF-World Bank

Bessma Momani | Posted 06.29.2013 | Canada Business
Bessma Momani

At the IMF-World Bank meetings this past week, there were plenty of assessments of the state of the global economy that described the post-2008 recovery as anemic. Only a few went so far as to claim that the global economy is comatose. Yet, despite general agreement on the diagnosis, there was little consensus on how to solve the problem.

Men Not At Work: The Upside of Unemployed Dads

Neil Seeman | Posted 06.14.2013 | Canada Business
Neil Seeman

Dad was once the ATM; he's less absent now, more engaged in family life. As women "lean in" to the workplace and assert themselves, as they should, men are leaning out. This wreaks uncertainty on the economy, but there is a star of brilliant light looming over the ocean, visible in the ever-rising storm.

Why Guaranteeing the Poor an Income Will Save Us All In the End

Hugh Segal | Posted 06.08.2013 | Canada Business
Hugh Segal

The wrong approach to poverty reduction is to ignore the problem, letting the ideological conceit that a rising tide lifts all boats obscure the hard reality that many Canadians have no boat -- or access to anyone who has ever had a boat. The answer is automatic top-ups for those who fall beneath the poverty line.