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Tuesday, September 01, 2015

Canada officially enters recession

http://news.yahoo.com/canada-officially-recession-first-half-2015-131114485.html

It is Canada's second recession in seven years and it is the only Group of Seven nation in economic retreat. The figures are the weakest since the 2008 global financial crisis.
The data reflects fears about the health of the global economy as more gloomy evidence emerged of a slowdown in China, a main engine of growth worldwide.
Harper, whose Tories are trailing their rivals in opinion polls ahead of the October 19 election, blamed the overseas turmoil for Canada's woes, and emphasized an expansion in the economy in June.

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