Mike Robichaux This month, Alberta hit a milestone. For the first time since oilsands production began its feverish twenty-first century expansion, unemployment in the province topped 7.4 per cent. Compared to the 7.0 per cent national average, this may not seem like such a catastrophe, but embedded in that figure is a bleak new economic reality:…
Tag: Recession
Work Sharing: How to Make Canada (A Bit) More Recession Proof
Zach Lewsen At the onset of the 2008 recession, Canadian employment trends took a turn for the worse. In particular, the manufacturing sector — linked to the contagious financial downturn south of the border — saw thousands of layoffs. At least one crisis-exposed company, however, dodged the trend: Standen’s Ltd, a 475-person steel parts firm…
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