Canada officially in recession in first half of 2015

By News on the Net —— Bio and Archives September 1, 2015

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Ottawa (AFP) - Canada fell into recession in the first half of the year, posting its weakest results since the 2008 global financial crisis, government data confirmed Tuesday.

The figures add to escalating fears about the health of the global economy, with world stock markets plunging farther on Tuesday as more gloomy evidence emerged of China's economic slowdown -- China has been a major engine of global growth. The grim numbers were also bad news for Conservative Prime Minister Stephen Harper, just weeks before elections. More...