According to CNN Money, Canada has fallen into recession as falling crude oil prices have impacted the wider economy. The country's housing market is over-priced and household debt is continuing to increase.
This is all sad news for a great nation, our sister democracy to the north. As China continues to suffer from volatility, the IMF says it can no longer bail out Greece, and Europe in general frets; how much longer can this go on before the United States is also affected?
We are a big economy and changes usually take time to be noticed here. However, over-priced housing and mounting consumer debt are also problems here. It doesn't have to be this way. With big financial overlords in charge, the average person is advised to take whatever defensive measures he can.
Canada Dips Into Recession Says CNN On-Line
This is all sad news for a great nation, our sister democracy to the north. As China continues to suffer from volatility, the IMF says it can no longer bail out Greece, and Europe in general frets; how much longer can this go on before the United States is also affected?
We are a big economy and changes usually take time to be noticed here. However, over-priced housing and mounting consumer debt are also problems here. It doesn't have to be this way. With big financial overlords in charge, the average person is advised to take whatever defensive measures he can.
Canada Dips Into Recession Says CNN On-Line
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