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The Wilson Center claimed that Canada's productivity challenges were exacerbated by various structural factors which included geographic and climate-related challenges due to the country's vast size and harsh climate conditions affecting transportation and infrastructure, widespread provincial regulations creating interprovincial trade barriers ...
The last one, the Great Depression, technically ran from October 1929 to 1933, but the U.S.’s economy didn’t recover until around 1939. During the Great Depression, GDP dropped by 30% and 25% ...
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]
Many job places in Canada (i.e., grocery stores and restaurants) have opted to reduce hours rather than lay off staff. This unemployment of job protection is especially in industries that are needed to keep the economy from going into a depression. While the automotive sector is slowly recalling workers back to work, grocery stores and ...
“Yesterday is gone. Tomorrow has not yet come. We have only today. Let us begin.” ― Mother Teresa “You can’t stop the waves, but you can learn to surf.”
Quotes from famous people with depression “I found that with depression, one of the most important things you could realize is that you’re not alone.” — Dwayne Johnson
The COVID-19 recession was a major global economic crisis which has caused both a recession in some nations, and in others a depression. It is currently the worst global economic crisis in history, surpassing the impact of the Great Depression. The economic crisis began due to the economic consequences of the ongoing COVID-19 pandemic.
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]