Category : Search result: Canada recession


2008 Recession-Era Restaurant Deals Make Worrying Comeback

Iconic money-saving deals from the 2008 financial crash, like 'Gourmet Burger Kitchen's' 'Two for Ten' and 'Strada's' £5 pizza, are reappearing on high streets. Economists warn this trend is a classic harbinger of an economic downturn as consumers tighten

Canada reviews euthanasia for disabled newborns

Exclusive: A profound ethical debate ignites as Canada's special parliamentary committee reviews whether medically assisted dying should include 'mature minors' and infants with severe disabilities. Critics warn of a dangerous ethical frontier.

Canadian lumber tariff bid against US falls flat

A major Canadian effort to impose punishing tariffs on American softwood lumber has collapsed spectacularly, handing a surprise victory to US producers and exposing the complexities of cross-border trade disputes.

UK Private Sector Growth Hits Nine-Month High

In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi

New Zealand Enters Recession as GDP Contracts Again

New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.

Hurricane Erin Targets Canada With Catastrophic Floods

Hurricane Erin, a formidable Category 2 storm, is barrelling towards Atlantic Canada, threatening Newfoundland with life-threatening floods, severe power outages, and potentially devastating damage. Authorities issue urgent warnings as the region prepares

Canada may boycott US alcohol over tariffs

Canada is reportedly considering a boycott of American alcohol in retaliation against US tariffs, raising fears of a deepening trade dispute between the two nations.

Canada recalls 50,000 baby sleepers over suffocation risk

Health Canada has issued a recall for more than 50,000 baby sleepers sold across North America, warning parents of potential suffocation hazards. The affected products were distributed in Canada, the US, and Mexico.

Fed warns of potential Great Depression-level recession

The US Federal Reserve has issued a stark warning about the possibility of a severe economic downturn, drawing parallels to the Great Depression. Experts weigh in on the risks and potential policy responses.

Shapps claims UK "not in recession" despite data

Defence Secretary Grant Shapps faces backlash after controversially declaring the UK is 'out of recession', despite official data showing economic contraction. Labour slams remarks as 'delusional'.

UK economy shows unexpected November growth

The UK economy defied expectations with unexpected growth in November, easing recession concerns. Experts weigh in on the latest ONS and Bank of England data.

US issues travel warning for Canada

The US State Department has issued a travel advisory for Canada, urging caution due to rising crime rates and civil unrest. Here's what travellers should be aware of.

Australia, Canada push for fossil fuel ad ban at COP28

A coalition of nations, spearheaded by Australia and Canada, is advocating for a worldwide ban on fossil fuel advertising, drawing parallels to tobacco restrictions. The proposal is set to be a key topic at the upcoming COP28 climate summit.

GOP slams Canada over wildfire response

US Republican lawmakers accuse Canada of inadequate wildfire management, sparking a diplomatic row over environmental policies and cross-border impacts.

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