Section 3: Feature article.

The article focuses on the impact of recessions in the U.S. on Canada. The exports in Canada fell by over 12% due to the drying up of key markets. The prolonged drop in Canada's exports in the second year of recession in 1975 was concentrated in forestry products. Business investment in plant and equipment fell by nearly 10% or more in the deeper recessions of 1954, 1957, 1981-82 and 1990-91. In severe recessions, the year-over-year increase in the unemployment rate hit 5% in 1982.