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  • Canada falls hard into deep, widespread recession in final quarter

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    Julian Beltrame
    The Canadian Press
    March 3, 2009

    There’s no sign Canada is close to pulling out of an alarming economic nosedive that began last fall, resulting in the worst quarterly contraction in nearly two decades.

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    Economic activity from October to December fell 3.4 per cent on an annualized basis, the biggest drop since the severe recession of 1991, according to Statistics Canada.

    Possibly more alarming was that Canada’s gross domestic product was a full percentage point lower in December than in November, which was worse than October, indicating the slide was accelerating.

    “What is really troubling is the feeling of being in free fall,” said economist Dale Orr, who now heads a new forecasting firm in Toronto. “Where is the bottom? It’s not here yet.”

    Given the record 129,000 job losses reported in January, some economists say the 2009 first quarter – which ends March 31 – could see Canada’s gross domestic product plunge another six per cent.

    That would rival the worst two months of the 1990-91 recession, which saw consecutive quarterly contractions of 3.3 per cent and 5.9 per cent.

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    Be prepared

    Comment Rules

    37 Responses to “Canada falls hard into deep, widespread recession in final quarter”

    1. Giordano Says:

      Coming Soon; Sons Of Darkness, Sons Of Light

      http://neithercorp.us/sdsl

      oldnamvet Reply:

      gioadra thats all masonic,illuminati,new age satanic bullshit on your video pal

    2. Unite! Says:

      There are people uniting RIGHT NOW!

      Real people, real talk, real solutions!

      http://WWW.WARNTHEPEOPLE.ORG

    3. Marlboro Man Says:

      3B ,s beans ,bread ,AND BULLETS !!!

      Scott Reply:

      How about these 4 b’s: Beans, Bread, Bullets and Brains!!!!!

    4. Robert Says:

      no way
      I put a post on this site and its gone

      for ten years I said this was going to happen no one would listen

      woman didnt want to be wives and mothers did they

      now all hell is breaking loose

      where will the un rights of the child be now you cas bitches

      boo hoo no funding to run all your children stealing systems

      to fuck over families

      wow boo hoo

      SolarAbsolution Reply:

      ME TO MAN!

      -0- Reply:

      what are you talking about?

    5. Robert Says:

      THIS IS A FREE SITE??????????????????????????
      SO HOW THE FUCK DID MY COMMENTS GET ERASED?????????????????????????????????????????????????????????????????????????????

      SolarAbsolution Reply:

      Mine are getting erased as well!!

      oldnamvet Reply:

      My post getting knocked off,me thinks da govt has got a hold of this site,HI GOVT,GO FUCK YOURSELF GOVT SCUM.

      Max Reply:

      Maybe you both on fluoride and forgot to click Submit Comment.

    6. robert Says:

      this site is government run
      when your comments are edited without reason
      and deleted
      its a bullshit scam

      Buzz_Hacksaw Reply:

      Friend, I have seen some really stupid and disgusting post on the site. If yours was deleted, well you do the math.
      Buzz

      -0- Reply:

      then why don’t you leave

    7. GMacD Says:

      Ya shit man. I posted over an hour ago and I bet this one will show up. Maybe it got lost in the server back up or something but damn I have to say, this is a first for me on this site and I post numerously everyday so what can I say

      robert Reply:

      I never had anything i said edited before

      funny how that works IS IT NOT??????????????????????????????

      SolarAbsolution Reply:

      I feel you I posted several comments today and they’re ALL DELETED! WTF!

    8. GMacD Says:

      Ah I see, feds know my name!

    9. Reality Check Says:

      People are naïve and gullible, Alex Jones is not a leader and will not lead you or anyone into any war or conflict. His job is simple: His “shock-Jock” approach is designed to do 1 thing, hold the listening audience “attentive and captive “long enough to sell you all the crap on his website. Really people wake up; this is exactly what all media talking heads do for a living. Don’t expect Alex Jones to be a Brave Heart on the front lines.

      You will find yourself in deep shit and alone. He has no followers; you are listeners, because he’s not leading you anywhere and has no upfront solution to offer. He’s not gathering people to solve the problem; he creates an atmosphere of doubt and fear to sell you his products. You are a captive listening audience held together by fear that creates a Need to purchase unneeded crap. At this point anyone who doesn’t see that is just plain gullible. Problem, Reaction, Solution…

      NO Reply:

      You know these videos that he makes go out for free to the entire world once we put them on the net. Only a few of the listeners ever really buy stuff. Unneeded crap? You need a reality check me thinks!

      robert Reply:

      I agree and disagree

      first there are tons of us on here that dont have money to buy a dam thing from alex

      second I am a patriot I am a braveheart thats my nature

      IF ATTACKED my family has no problem defending ourselves

      we have no problem providing for ourselves

      I already sleep in the top of a barn with no windows

      you want to come into the bottom of the barn to get at me

      go right ahead I dare you

      wild pigs are great pets when raised from piglets

    10. Unite! Says:

      Reading another article, watching another post.
      DISTRACTIONS – DISTRACTIONS – DISTRACTIONS

      Real Talk – Real Solutions – Real People!

      http://WWW.WARNTHEPEOPLE.ORG

    11. SolarAbsolution Says:

      WTF where’s my post from earlier today??? deleted?

    12. SolarAbsolution Says:

      I feel as though I’m on a delete as soon as it’s posted list.

    13. SolarAbsolution Says:

      OFF TOPIC –

      http://blog.wired.com/defense/.....apons.html

    14. Pat Says:

      shut the fuk up already, leave the blogging to those who wish to help spread the truth, you are nothing more than a moron with an opinon, go out and educate yourself then come back.

    15. Money Says:

      Be your own boss! Work from home and spend time with your family.
      http://hwallace.ws

    16. Maxstein SS Says:

      the more info you guys give to fight this to more the cia or fbi gov will have to go against fuck this world i live the way i want to

    17. trex Says:

      thats it i am f**king done with this site , all my posts get deleted , why the hell is this happeneing ALEX , free speech my f**king arse , there shouldnt even be a moderator to monitor posts what ever the content of it , GOOd bye folks

      Major Karma Reply:

      bye

    18. Marlboro Man Says:

      THERE WILL BE BLOOD !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    19. Robert Says:

      http://www.youtube.com/watch?v.....re=channel

    20. Bobby T. Says:

      April 15, 2009!!!!! – No work! No Buying! Cut a white T and wear the strip as an arm band. Hand out whats left! Go out on the streets and be seen. Rally! Protest!
      Don’t listen to the people who’ll say a days lost productivity only hurts America! AMERICA IS ALREADY HURT! WOUNDED! If the illegals can do it, then BY GOD THE VICTIMIZED CITIZEN SLAVES CAN TOO! Maybe Alex won’t endorse it. Maybe George Norry won’t, maybe Gerald Celente won’t, maybe Peter Schiff won’t, maybe Steve Quayle or the 911 Truth movie salesmen won’t endorse it! BUT FOR THE LOVE OF AMERICA SOMEBODY HAS TO DO IT!
      TIME FOR PEACEFUL PROTEST AGAINST OUR OVER-REACHING OVER-SPENDING and totally DISCONNECTED FEDERAL GOVERNMENT HIJACKED BY THE CABAL OF THE FEDERAL RESERVE BANK THAT PRINTS OUR MONEY AND ASKS US TO IMPOSSIBLY GIVE IT BACK PLUS INTEREST IS RUNNING OUT! How much longer before the protest aren’t peaceful? This could be the last one but there has to be ONE before there can be a LAST ONE! AMERICA and any other country involved in this need to send the UNITED SHOUT that a central bank controlled by a wealthy elite WILL NOT OWN US! Please watch the video, feel it in your soul and do at least this ONE THING!
      http://www.youtube.com/watch?v=8YiwxQ8odk4

    21. Major Karma Says:

      Recognizing that the GCN Network is owned by those who want to sell us collectable gold and silver coins that no one can eat, I suggest everyone should have some gold but get your home and garden and stuff you need to live in order. Guns and bullets might be a better investment than gold or silver coins.

      NO Reply:

      Agreed. One doesn’t simply look straight in front of them when their driving. You have to look at the signs and you have to look in your mirrors you have to look at your blind spots or SMACK! One must be fully prepared in all respects. If you’re going to make a garden make sure it’s covered in a greenhouse so you can regulate the air and not having it sprayed with crap in the sky.

    22. notasheeple Says:

      Money is the root of all evil!!! I’d rather die on my feet than live on my knees.