Canada Récession

Recession's Legacy Not Done Pummeling Young Workers

CP | The Canadian Press | Posted 03.31.2013 | Canada Business

OTTAWA - The loss of tens of thousands of youth jobs during the recession was not only painful for the young people involved but will impact them and ...

Fiscal Cliff Fears To Weigh On Markets This Week

CP | Malcolm Morrison, The Canadian Press | Posted 01.18.2013 | Canada Business

TORONTO - The looming U.S. fiscal cliff will weigh on markets again this week amid uncertainty that politicians can come together to defuse a potentia...

How Can a Warm Man Understand a Cold Man?

Vac Verikaitis | Posted 01.23.2014 | Canada
Vac Verikaitis

I went from a successful career as a television producer to living in a rent-geared-to-income unit in downtown Toronto, standing in line for a daily meal with many of the city's poorest, sickest and addicted citizens. But in the making of a film, and through the incredible support that was part of the process, I became a rich man.

Taking A Heavy Toll On Canadian Quality Of Life

CP | Heather Scoffield, The Canadian Press | Posted 12.22.2012 | Canada Business

OTTAWA - Canada's economy may well be muddling through, but on a more personal level, Canadians generally are not, a new study of well-being suggests....

Consumer Debt Could Tip Canada Into Recession: Report

CP | Sunny Freeman, The Canadian Press | Posted 11.06.2012 | Canada Business

TORONTO - There is more than a 20 per cent risk of Canada falling into a second recession — and though much of that risk comes from outside our bord...

What, No Champagne?

CP | Julian Beltrame, The Canadian Press | Posted 09.20.2012 | Canada Business

OTTAWA - Few are noting the occasion, but about now Canada and the rest of the world should be celebrating the third anniversary marking the end of th...

Canada's Greatest Competitive Advantage? Our Creativity

Richard Florida | Posted 09.18.2012 | Canada
Richard Florida

2012-07-19-RichardFloridabook.jpg We are living through a massive structural transformation of the economy, similar in scale and scope to the shift from the Agricultural to the Industrial Age. Canada is shifting from the Industrial to the Creative Age, in which creativity has become the decisive source of competitive advantage.

Canada's Second Slump May Be Harder To Fight

CP | Julian Beltrame, The Canadian Press | Posted 08.06.2012 | Canada Business

OTTAWA - Stephen Harper says Canadians can rest assured the government has a Plan B in place should another recession strike.But analysts warn a secon...

Harper Says There's A Plan In Case Of Second Recession

CP | Posted 08.05.2012 | Canada Business

OTTAWA _ Prime Minister Stephen Harper is warning that Europe is running out of time to fix its debt problems, but his government has prepared ``conti...

Frustrated Harper Warns About Europe Woes, Global Recession

CP | The Canadian Press | Posted 08.05.2012 | Canada Politics

OTTAWA - Prime Minister Stephen Harper is warning that Europe is running out of time to fix its debt problems, but his government has prepared "contin...

Five Tips on How to Keep Employees Happy

Srinivas Kandula | Posted 07.25.2012 | Canada Business
Srinivas Kandula

Good news: job creation in Canada is increasing. Bad news: employees who were holding on during the recession might now start looking for better offers. So how do you keep employees engaged, motivated and productive? Here are five tips on how!

Economy Being Squeezed Between Greece and China

Andrew Pyle | Posted 07.14.2012 | Canada Business
Andrew Pyle

From last weekend's elections in France and Germany, highlighting a shift in the populace away from fiscal austerity, to the gridlock in Greece's parliament (and more probable threat that the country will leave the euro), the region has created a conundrum for investors.

What do the Elections in Greece and France Have in Common?

Peter Worthington | Posted 07.10.2012 | Canada
Peter Worthington

For starters, the status quo in both countries has been capsized. Voters in both countries reject austerity measures that were imposed to save the euro and avoid bankruptcy, and to deter some countries bailing out of the 17-country European Union.

Argentina, Bete Noire of the G20

Andrew Cooper | Posted 07.02.2012 | Canada Business
Andrew Cooper

On top of the generalized global interest about Argentina's move to nationalize its largest energy company YPF, the majority owner of which had been the Spanish energy company Repsol, there is a special local twist as the Mexican President Felipe Calderón has been particularly critical of Argentina's move calling it "very regrettable."

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.