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1. • • The value of Canada’s oil and other exports dropped sharply, housing activity in the country saw steep declines, and 400,000 Canadians lost their jobs over the course of a year, according to Statistics Canada data.
     globalnews.ca/news/9419356/recession-explainer-canada-economy-layoffs/

     What is a recession? Here’s how a hit to Canada’s economy ...

2. People also ask

   What happened to Canada's economy during a recession?

   • The value of Canada’s oil and other exports dropped sharply, housing activity in the country saw steep declines, and 400,000 Canadians lost their jobs over the course of a year, according to Statistics Canada data. More rare is an economic depression, which sees a much steeper decline in economic activity amid a recession lasting multiple years.

   What is a recession? Here’s how a hit to Canada’s economy might impact

   globalnews.ca/news/9419356/recession-explainer-canada-economy-layoffs/

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   Why did Canada lose a lot of jobs in January?

   • Statistics Canada says Canada's economy lost jobs for the first time since January last month, as a sharp drop in the number of older as well as self-employed workers led the way down. Canada has reported the first job losses since January, raising concerns about a looming recession even with a growing economy.

   Canada unexpectedly lost 43,000 jobs last month | CBC News

   www.cbc.ca/news/business/canada-jobs-june-1.6514429

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   Why do Canadians lose jobs in a recession?

   • High inflation is forcing Canadians to spend more at the grocery store and on other essentials, while higher interest rates are pushing households to put more of their income into paying down debt each month. But the real income hit in a recession often comes in the form of job losses, Bartlett says.

   What is a recession? Here’s how a hit to Canada’s economy might impact

   globalnews.ca/news/9419356/recession-explainer-canada-economy-layoffs/

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   Is Canada facing a looming recession?

   • Canada has reported the first job losses since January, raising concerns about a looming recession even with a growing economy. The Canadian economy recorded its first monthly loss of jobs since start of the year in June, but the labour market continued to be exceptionally tight as the unemployment rate fell again and wages moved higher.

   Canada unexpectedly lost 43,000 jobs last month | CBC News

   www.cbc.ca/news/business/canada-jobs-june-1.6514429

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   Will rising interest rates cause a recession in Canada?

   • A recent study from the Canadian Centre for Policy Alternatives warned rapidly increasing interest rates will likely send the Canadian economy into a recession and could cause significant "collateral damage," including 850,000 job losses.

   Canada unexpectedly lost 43,000 jobs last month | CBC News

   www.cbc.ca/news/business/canada-jobs-june-1.6514429

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   Will Canada lose a lot of jobs in 2023?

   • The forecast does not, however, call for significant job losses in Canada as a result of the recession. Deloitte sees unemployment rising to 6.0 per cent in 2023 with most jobs lost in interest rate-sensitive sectors such as construction and transportation, as well as retail trade and information and culture sectors.

   Recession will be ‘deeper’ than first thought, but job loss will be

   globalnews.ca/news/9414102/canada-recession-deeper-job-losses-inflation-deloitte/

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3. www.cbc.ca › news › businessCanada's jobs market is setting records. So why are people ...

   www.cbc.ca › news › business

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   Jul 7, 2022 · Canada Finance Minister Chrystia Freeland says a ‘soft landing’ is still possible for the Canadian economy, as inflation levels rise and fears of a recession grow.

   • Canada unexpectedly lost 43,000 jobs last month | CBC News

     A recent study from the Canadian Centre for Policy...

4. www.thestar.com › business › the-jobs-paradox-canadaIf Canada has dodged a recession, why are there no jobs?

   www.thestar.com › business › the-jobs-paradox-canada

   Aug 3, 2024 · The jobs paradox: Canada seems to have dodged a recession — so why is it so hard to find work right now? The jobless rates for recent grads, tech professionals and newcomers are rising...

5. Videos

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     2:24

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     Canada lost about 6,000 jobs in July, a sign of a slowing economy

     Aug 4, 2023

     55.1K Views

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     2:03

     globalnews.ca

     Canada’s job surge: How hot economy could affect employers, interest rates

     May 5, 2023

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     24:10

     youtube.com

     What you need to know about being in a recession | About That

     Dec 6, 2022

     122.1K Views

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6. globalnews.ca › news › 9414102Recession will be ‘deeper’ than first thought, but job loss ...

   globalnews.ca › news › 9414102

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   Jan 17, 2023 · The forecast does not, however, call for significant job losses in Canada as a result of the recession. Deloitte sees unemployment rising to 6.0 per cent in 2023 with most jobs lost in...

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7. globalnews.ca › news › 9419356What is a recession? Here’s how a hit to Canada’s economy ...

   globalnews.ca › news › 9419356

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   Jan 19, 2023 · The value of Canada’s oil and other exports dropped sharply, housing activity in the country saw steep declines, and 400,000 Canadians lost their jobs over the course of a year, according to...

8. globalnews.ca › news › 9676194Is Canada heading for a ‘jobful recession’? What the latest ...

   globalnews.ca › news › 9676194

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   May 5, 2023 · Continued growth in Canada’s labour market might see more Canadians hold onto jobs even as the economy dips into a possible recession, according to a read of the latest employment data...

9. www.cbc.ca › news › businessCanada unexpectedly lost 43,000 jobs last month | CBC News

   www.cbc.ca › news › business

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   Jul 8, 2022 · A recent study from the Canadian Centre for Policy Alternatives warned rapidly increasing interest rates will likely send the Canadian economy into a recession and could cause significant...

10. ici.radio-canada.ca › rci › enCanada’s jobs market is setting records. So why are people ...

    ici.radio-canada.ca › rci › en

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    Jul 7, 2022 · Economy. Employment. Canada’s jobs market is setting records. So why are people talking about a recession? Despite some big positives, the economic narrative in Canada is right now dominated by doom and gloom. People are shown shopping in Ottawa last month.