The recession of 2008-2009 hit fast and furiously, with a steep decline in Gross Domestic Product and employment. Since then, both indicators have recovered well, leading some to trumpet Canada’s quick recovery from the recession. But other indicators, such as social assistance caseloads, have not seen the same strong recovery. And still other indicators, while on their way back to pre-recession levels, still reveal worrisome trends.
We know that the recession significantly increased Canada’s poverty levels. But do Canada’s poor now risk being permanently left behind? Our survey of the economic indicators over the past several weeks suggests that the answer is yes. Read more »