Year-end review of 2009 - ARCHIVED

Articles and reports: 11-010-X201000411150


The global recession of 2008-2009 was less severe and shorter in Canada. While exports and corporate profits fell sharply due to the global recession, domestic spending was sustained by strong balance sheets and savings built up in previous years and a financial system that emerged largely unscathed from the crisis in the US and Europe. The industrial pattern of the recession in Canada was quite similar to previous recessions.

Issue Number: 2010004
Author(s): Cross, Philip
FormatRelease dateMore information
PDFApril 15, 2010
HTMLApril 15, 2010