The current Canadian economy has greatly suffered as of late. In a recent finding by Statistics Canada, 6600 job positions were diminished; however, the unemployment rate dropped slightly to 8 percent. Compared to the condition in the United States, Canadians are faring considerably better for the most part.
http://www.theglobeandmail.com/report-on-business/economy/jobs/job-market-held-back-by-struggling-us/article1749025/
The problem is presented as the Canadian economy continually finds itself attached to the slow, stagnant recovery of the US (with an unemployment rate of currently 9.5 percent) , and therefore our job growth is predicted to remain slow as well. Once again, the sleeping elephant of the American economy is affecting their immediate neighbours as was said so many years ago by former Prime minister Trudeau. It spells out bad news on our part.
Prime Minister Harper continues to support his government’s intentions of ending the stimulus and reasons that “there’s going to be bumps along the way.” In order to achieve further growth in Canada’s suffering economy, business investments are entirely necessary and crucial for the well-being of our country.
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