| Over the past year and a half, Canada, along with the rest of the world, experienced an economic downturn, the likes of which had not been seen since the Great Depression of the 1930s. After more than a decade of relatively stable economic growth that culminated in the housing market bubble collapse in the U.S., the world financial system, and subsequently the world economy began to fall apart. Massive, previously unseen, fiscal stimulus expenditure in the form of both infrastructure spending and ‘bailouts’ was undertaken in the U.S., and to a lesser degree in Canada, in order to stabilize the banking and financial systems, spur demand, and carry the economy on the path of expansion. Now, in the first months of 2010, many economic indicators indicate that... |
