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If Democratic Party candidate Joe Biden wins the Nov. 3 U.S. presidential election, the implications could be considerable for Canada after four years living with the unpredictable and combative ...
OTTAWA (Reuters) -The Canadian economy continued to outpace expectations in October, with a gain also expected in November despite the COVID-19 resurgence and fresh restrictions, data from ...
President Joe Biden came into office during both an economic crisis and a global health crisis. Such unprecedented times called for bold, sweeping action, and the Biden administration has made big...
The number of persons without health insurance under age 65 fell from 31.2 million in 2020 under President Trump, to 27.0 million during the first half of 2022 under President Biden, a reduction of 3.2 million or 13%. The percentage of uninsured fell from 11.5% to 9.9% during that time. Both the number and % were record lows for data back to 1997.
“It’s the economy, stupid.” That was James Carville’s immortal phrase to explain Bill Clinton’s surprising victory in 1992, ending Democrats’ 12-year exile from national office.
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
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]
For comparison's sake, prices rose just under 7.8% during the four years of Donald Trump's presidency. Economists often note that the differences between inflation in the two eras are due to a ...