Canada Récession

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 | 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 Frum | Posted 11.25.2011 | Canada
Danielle Crittenden Frum

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...

A Stumbling G20: Can Canada Seize the Leadership Opportunity?

John Sinclair | Posted 11.15.2011 | Canada
John Sinclair

Canada helped create the G20. Can it now help re-energize its child? It boasts of dodging the financial crisis thanks to its wise regulatory stance, but so far has done little to help fill the leadership or financing gap.

Canada Could Stumble Into Recession Amid Economic Headwinds

CP | Julian Beltrame, The Canadian Press | Posted 11.13.2011 | Canada Business

OTTAWA - Canada could be the first economically advanced country to stumble into another recession, the Bank of Nova Scotia says in one of the more st...

Rachel Mendleson

Canadians' Household Debt Hits Record High | Rachel Mendleson | Posted 11.13.2011 | Canada Business

Household debt levels have reached a new high, increasing the vulnerability of average Canadians to unexpected economic shocks just at a time when unc...

Canada Could Be The First Back In Recession: Scotia

CP | Posted 11.13.2011 | Canada Business

OTTAWA - The Bank of Nova Scotia is warning that Canada could be among the first of the world's advanced economies to fall into a another recession. ...

Rachel Mendleson

Could Canada's Recipe For Recovery Lead To Debt Disaster? | Rachel Mendleson | Posted 11.08.2011 | Canada Business

Consumer spending will be a crucial part of Canada's economic recovery, economists say, but with Canadians' debt levels already at record highs, that ...

Canada's Super-Sized Economy

David Gratzer | Posted 11.07.2011 | Canada
David Gratzer

Tim Hortons is supersizing their coffee. And that's all you need to know about the Canadian economy. It speaks of prosperity at a time of unease -- a major coffee chain attempting to increase sales when the chains in other countries are laying off workers. But there are, of course, storm clouds on the horizon.

Labour Day 2011: What Has Gone Wrong in Canada for Working People?

Ken Georgetti | Posted 11.04.2011 | Canada
Ken Georgetti

One answer is the seemingly insatiable greed of the super rich. It's time for not just union members but all Canadians to demand changes. If we don't start standing up for ourselves, we'll take an even bigger fall in the years ahead.

Small Countries Weathering the Recession: Crashing and Burning or Rising From the Ashes

Andrew Cooper | Posted 11.04.2011 | Canada
Andrew Cooper

The post-Cold War years were good for the fortunes of small countries. Small states did indeed seem beautiful in the 1990s and early 2000s. The end o...

Mark Steyn's Wishful Thinking About a Doomed U.S.

Peter Worthington | Posted 11.01.2011 | Canada
Peter Worthington

Despite what Mark Steyn says about the U.S. as a nation of debt carriers, it still has more aircraft carriers than any country and can protect itself. The essential strength of America is that it's a free country with free speech and economic opportunity. And it's filled with Americans.

TD Bank Warns Canada May Be In For Recession

CP | Posted 10.24.2011 | Canada Business

A major Canadian bank says the economy ground to a halt in the second quarter and could slip into recession if the United States continues to weaken. ...

Putting Cash to Work

Andrew Pyle | Posted 10.19.2011 | Canada
Andrew Pyle

This latest go-round of negativity has nothing to do with a lack of earnings or liquidity, as we dealt with in 2008. This is all about waiting for firms to open the taps and start using their burgeoning sacks of cash. This makes the difference between a firm staying afloat and getting capsized by a rogue recession wave.