Canada Récession

Why London West Is a Microcosm for the Federal Election

Andrew Perez | Posted 10.13.2015 | Canada Politics
Andrew Perez

On its surface, the suburban Ontario constituency of London West is like so many ridings in the province. Dotted with sprawling established neighbourhoods, the community's residents personify Protestant Ontario: reserved, small-c conservative and hardworking. But the economic landscape in London West has changed significantly since the Harper Conservatives took power almost a decade ago. With economic fears front and centre and conventional political wisdom out the window, this formerly unremarkable riding has quickly become a microcosm for the October 19 federal election

Recession Over? Not So Fast..

The Huffington Post Canada | Daniel Tencer | Posted 10.03.2015 | Canada Business

Those celebrating the end of Canada’s recession may want to recork the champagne, because it seems the economy isn’t out of the woods just yet. ...

In a Stagnant Economy, Spending Is Key to Stimulating Small Businesses

David Gens | Posted 09.29.2015 | Canada Business
David Gens

With the confirmation of the Canadian recession by Stats Canada earlier this month and the government's subsequent announcement of a $1.9 billion surplus, spending has become a particular point of interest in our upcoming election. Small business owners, who make up 98 per cent of employer businesses in Canada, will be looking to see which party's proposed spend will have a tangible effect on their bottom lines.

U.S. Fed Cites Canadian Recession As Reason For Holding Rates

The Huffington Post Canada | Daniel Tencer | Posted 09.18.2015 | Canada Business

The U.S. Federal Reserve kept its prime lending rate unchanged at its meeting Thursday, extending a nearly seven-year-long streak of near-zero interes...

Joe Ceci Fires Back After Harper Criticizes Alberta NDP

CBC | Posted 09.17.2015 | Canada Alberta

"We know why there is a recession," Harper said Tuesday, blaming the Alberta NDP.

Harper's Recession Proves Canada Needs a New Approach to the Economy

Jordan Brennan | Posted 09.05.2015 | Canada Politics
Jordan Brennan

With the economy contracting, oil prices sliding and the prospect of a balanced budget looking increasingly unlikely, Conservatives feared damage to their vaunted reputation as competent economic managers. As it turned out, Statistics Canada data confirmed that Canada's economy slipped into official recession in the first half of 2015 -- the damage was done.

Canada Needs a Government That Is Focused on Economic Growth

Bill Morneau | Posted 09.04.2015 | Canada Politics
Bill Morneau

One of the most important steps the Canadian government can take to kickstart the economy is a large-scale program directed at renewing our national infrastructure. It will help drive job creation while generating about $1.60 of GDP for every $1 spent. And it will transform the present value of low interest rates into long-term capital assets underpinning greater Canadian productivity.

One Good Reason Canadians Should Be Jealous Of Australia

The Huffington Post Canada | Daniel Tencer | Posted 09.03.2015 | Canada Business

Doug Porter, the chief economist at Bank of Montreal, is jealous of Australia. Despite having a commodity-based economy similar to Canada’s and b...

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 09.01.2015 | 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 09.01.2015 | 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 09.01.2015 | 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 09.01.2015 | 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 08.31.2015 | 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 08.31.2015 | 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 08.31.2015 | 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 08.31.2015 | 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 08.28.2015 | 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 08.31.2015 | 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 08.13.2015 | 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 07.31.2015 | 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...