I named my pet polar bear peter
but honeslty we don't wait that long for most surgeries but i have heard of waiting for a year, we use metric sysytem for everything but personal height and weight, and the recession didnt hit us that hard
A recession can absolutely be said to be over. The BoC is one of the best respected Financial institutions in Canada, and some would argue North America. They have some of the brightest economists working for them. I am going to go with them on that one. It is called negative growth, not shrinking. Canadian unemployment per capita is less, go look it up. We are better off because we do not give houses away for the simple fact that poor people don't know how to manage money..cause they're poor.
The subprime crisis DID have a major hand in the recession. Securitized mortgages, particularily subprime basically brought Bear Stearns down. It created a tsunami if you will of uncertainty in the financial sector, this along with the associated liquidity crisis. AIG for example was selling insurance on subprime mortgages without adequate capital to support losses. So in effect it was a house of cards, there was also a large concern that there would be a run on the banks. The Fed got involved to shore up the balance sheets and offer cash infusions to the most susceptible lending institutions to keep them alive. The recession was symptomatic of a lack of consumer confidence, as a direct result of the financial crisis(Consumers quit spending...manufacturers lost customers I.E. consumers and the economy shrank by 6 percent.) The manufacturing sector was hit hard, that lost a lot of jobs.
The subprime crisis and the Liquidity crisis were in effect the catalyst which started the recession.
There have been cases where people have had to wit ridiculous ammounts of time but thats in huge citys like toronto in my small city think we got like 17 000 people i've never had to wait more then 30min... ive herd of people driving from calgary (an hour away) to use our hospital cause they might end up waiting 2-3hours in calgary to get looked at so it can be bad..If you come in on an ambulance and its that sirious, you dont have to wait at all tho obviously... but hey our health care is free
well said my dad still normally uses inchs and on the construction site I work at all the older guys use inchs
I have not felt the effects of the economy one bit some of my friends had trouble getting summer jobs but not me... I got my summer job back working construction and I noticed that a shit load of people I had worked with the summer before had been layed off and I meen like 70% or more thats the biggest thing I noticed but it was mostly people that were well paid and not really very important, and my parents are in the tourist industry one of the industries probly most effected by the recession for canada and i geuss its been a little slow.. ...I dono we defenetly got hit at least 10 times less worse then the states hasn't really effected me personaly at all.
A whole damn percentage point is quite a lot of people. If you know economics as well as you say you do, you realize how large a percentage point is.
As I stated before, the liquidity crisis and the subprime crisis were the straw that broke the camel's back. After that happened it was just a shitstorm of uncertainty. I do realize there are lots of factors, but IMHO those are the two issues which kicked off this recession.
If you want me to be not so flippyfloppy. The recession in Canada, IS OVER!