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Recession of 1953: July 1953 July 1954 Recession of 1958: March 1957 January 1958 Recession of 1960–1961: March 1960 March 1961 1973–1975 recession: October 1974 March 1975 Early 1980s recession in the United States: June 1981 October 1982 Early 1990s recession: March 1990 May 1992 Great Recession: October 2008 May 2009 COVID-19 recession ...
The Sahm Rule flashed last month following the July jobs report, and there's a slew of other recession gauges that have investors worried this year. Read the original article on Business Insider ...
During 2011–2019, Canada matched U.S. growth rates at 2.2% annually, exceeding other G7 nations. However, in the 2020-2022 period, Canadian growth declined to 1.1%, falling behind the U.S. rate of 1.7%. Despite these, Canada maintained strong headline growth through immigration and population expansion. [7]
The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.
Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed. This includes all major sporting and artistic events. [2] Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [3] Some farmers feared a labour shortfall and bankruptcy. [4] The pandemic affected consumer ...
A weak July jobs report just triggered one of the most well-known, and historically accurate, recession indicators: the Sahm Rule.But the rule’s inventor, Claudia Sahm, pushed back against the ...
Canada is one of the world's largest suppliers of agricultural products, particularly wheat and other grains. [144] Canada is a major exporter of agricultural products, to the United States and Asia. As with all other developed nations, the proportion of the population and GDP devoted to agriculture fell dramatically over the 20th century.