Canada's great recession wasn't that bad after all: Statistics Canada recession, Statistics, wasn, Canada, bad

Lik

http://www.news1130.com/news/nat ... l-statistics-canada

Canada's great recession wasn't that bad after all: Statistics Canada
THE CANADIAN PRESS  Apr 15, 2010 12:06:27 PM

OTTAWA - It's been called the Great Recession by many around the globe.
But Statistics Canada says the economic meltdown that devastated the economies of dozens of countries large and small in 2008 and 2009 left Canada relatively unscathed.

According to the federal agency, Canada did suffer through a technical recession - a 3.3 per cent drop in gross domestic product over three quarters between the fall of 2008 and the summer of 2009.

But that was shorter and milder than Canada's previous two recessions. For example, the 1981-82 slump saw GDP fall 4.9 per cent over six quarters, while the 1991-92 downturn resulted in a 3.4 per cent fall-off in output over four quarters.

Recessions are mostly felt by those who lose their jobs, and on this measure the latest downturn was especially mild.

Statistics Canada says employment fell just 1.8 per cent in the recent recession, compared with 3.2 per cent in 1991-92 and five per cent in 1981-82.

sheep

habitrailspace 發表於 2010-4-15 14:14

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habitrailspace

China lumber sales set new record


China leading demand in rising global copper market


Chinese  ...
peter236 發表於 2010-4-15 13:47

peter236

natural resource  is more just about oil.  Lumber for instant.  hahaha you do not know how many big  ...
mukmuk2 發表於 2010-4-15 13:08

China lumber sales set new record
http://www.vancouversun.com/Chin ... /2713674/story.html

China leading demand in rising global copper market
http://ca.news.yahoo.com/s/afp/100407/business/chile_commodities_copper_world_china

Chinese Oil Giant Buys Into Canadian Oil Sands
http://www.forbes.com/2009/09/01/petrochina-oil-sand-markets-commodities-canada.html

peter236

I work in this field and I definitely know more stuff than you do.  hahaha.  It's just funny that  ...
mukmuk2 發表於 2010-4-15 12:19

LOL, like I said before China is driving up natural resource prices, and since these prices are international, like oil prices, Canada also benefits, regardless of China buys directly from Canada.
You know nothing about importing and exporting.

rockypath

One of the reasons why Canadian currency keeps rising is because the world is expecting the demand for natural resource (including Candian natural resource) will rise significantly when the world economy begins to recover.

peter236

haha trust me; the importing and exporting are not that good at this moment.  China buys the natur ...
mukmuk2 發表於 2010-4-15 11:55

hahaha, you know nothing about importing and exporting. The natural resource prices are international, like oil prices. Whether China buys directly from Canada is irrelevant.