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Wednesday, August 05, 2009 

"The REAL Recession Isn’t Over Yet" - Op Ed

Tyler Kinch has a great article in the current edition of Alberta Talks online magazine:

"Late last month, Bank of Canada Governor Mark Carney announced that Canada will be exiting out of recession at the end of this year. He predicted a growth this quarter of 1.3 percent and a growth of 3 percent in the last 3 months of the year. [...]
The real Canadian economy has not recovered, regardless of future positive GDP growth or high stock markets. Statistics Canada calculates 370,000 jobs have disappeared since October of last year, and some economists believe more than 500,000 will be lost before employment begins to rise again. The real economy won’t recover until all those 500,000 jobs are recovered. Under a government that properly manages the growth of the economy, those new jobs will produce positive gains to society and increase the quality of life for individuals and the health of our planet too."

Tyler Kinch

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