Tag: Economic Downturn

Canada is falling behind its peers in terms of living standards — can it catch up?

Canada, once admired for its robust economic health and high living standards, now faces a worrying decline. The nation’s gross domestic product (GDP) per capita growth trails its peers in the Organisation for Economic Co-operation and Development (OECD), while Canadian workers clock more hours for less output. Business investment is shrivelling while government expenditure is […]

6 ways Canadians can prepare for the upcoming recession

Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise. Given the lack of a precise definition, there is not […]

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