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[10] In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history.
COVID-19 recession / Economic impact of the COVID-19 pandemic (2020–present day) 2020 stock market crash (2020) Lebanese liquidity crisis (2019–present) Sri Lankan economic crisis (2019–present) Chinese property sector crisis (2020–present) Pakistani economic crisis (2022–present) German economic crisis (2022–present)
From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. [2] In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. [3] By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. [4]
Alberta's hopes of a rebound this year for its long-struggling oil industry have been dashed by a crash in global crude prices, dragging down producers' stocks and leaving the Canadian province's ...
Here's why the S&P 500 is on track to rise more than 20% in two consecutive years for the first time since the late 1990s. ... 10 charts that tell the story of market and economic resiliency in ...
Since the Great Depression, there have been 14 recessions, which are part of the normal economic cycle. Economists keep waffling on whether or not the U.S. is going to head into one in 2024 after ...
The economy of Canada is a highly developed mixed economy, [33] [34] [35] the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion. [37]
Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed. This includes all major sporting and artistic events. [3] Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [4] Some farmers feared a labour shortfall and bankruptcy. [5] The pandemic affected consumer ...