Canada Recession

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.

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."