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Canada Faces Cold Economy as U S. Slows
Canada endures high unemployment near 11 percent, rising inflation, and costly credit pressures with Dome Petroleum among borrowers strained. Calgary real estate bets falter as consumer confidence sinks, layoffs mount, and the dollar hits record lows while Ottawa hammers a 6 percent budget plan to curb inflation. Public unions oppose the approach and critics warn of a widening deficit.
MENTIONED IN THIS ARTICLE
Toronto
Canada
United States
Dome Petroleum
Calgary
Len Wong
Millionaire's Club
Wong
Conference Board of Canada
Toronto Star
Ontario
Alberta
British Columbia
Sudbury
Jerry Dillon
Famous Players Ltd
Riiniyi -Waeiey
Rae
Air Canada
Bell Canada
Trudeau
Public Service Alliance of Canada
Pierre Samson
Conservative
New Democrats
Socialist Third Party
U.S