Recession and recovery Let’s fast forward from the past 40 years to the past five. Many workers in Canada felt the severe impact of the global financial crisis that began in 2007. When the United States fell into recession, Canada was affected through trade, financial, and confidence channels.
I have to admit to the possibility that my remarks may be subject to some professional deformation here, in that my perspective on these matters is likely coloured by my pre-occupation with the situation in Ireland.