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Section 3: Feature article.

Authors :
Cross, Philip
Source :
Canadian Economic Observer; May2010, Vol. 23 Issue 5, p2-2, 1p
Publication Year :
2010

Abstract

The article discusses the impact of the global financial crisis in 2008-2009 on Canada. It states that when the commodity prices depreciated, there was a sharp decline in the stock and the exchange rates in Canada. It mentions that employment and real Gross Domestic Product (GDP) declined more rapidly as compared to the earlier recessions of 1981-1982 and 1990-1991.

Details

Language :
English
ISSN :
08359148
Volume :
23
Issue :
5
Database :
Complementary Index
Journal :
Canadian Economic Observer
Publication Type :
Academic Journal
Accession number :
52311518