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When the factories are making less, it means they are not in need of those extra workers they have been keeping around.
Another problem that Canada has is the housing prices have begun to slide and the country will not face home sector deterioration along the lines of what happened in the U.S. A recession has many negative attributes and declines measures of activity such as employment, investment and corporate profits...
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A recession has many negative attributes and declines measures of activity such as employment, investment and corporate profits.
If a recession is prolonged and it creates more negative attributes, then it is referred to as an economic depression. Some other causes of recession are currency crisis, energy crisis, overproduction, underproduction, and last but not least and the most important, war...
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Recession In Canada
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