Dec. 21, 2009 (Baystreet.ca) --
MISSISSAUGA, Ontario, December 21, 2009 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “2009 In Review: The View From Canada.”
Companies mentioned in this article include Nortel Networks Corp. (TSX:NT), Bombardier (TSX:BBD.B), Air Canada (TSX:AC.A), Arsenal Energy Inc (TSX:AEI) and Andean American Mining Corp. (TSX-Venture: AAG).
Article Excerpt:
The recession of 2009 was a worrisome event that spared no one, regardless of nationality, economic or social strata. It astounded even the most experienced economic experts, lowered expectations and made people wonder if it was ever going to end, and how consumers and investors would come out the other end. The recession offered up all sorts of parallels to the Great Depression of the 1930s, with one important difference; those in charge politically of the picture may have gotten a handle on the situation in time to remedy it.
Certainly in Canada, the hardship was as acute as anywhere on earth, with the unemployment rate spiking almost monthly, until it peaked around 8.7% in August before tailing off marginally. The rate measured 8.5% for November, the last month in which figures were available.
To stem the tide, Prime Minister Stephen Harper – whose own job status was at times precarious – proposed a series of stimulus measures, providing almost $30 billion in support to the Canadian economy, through infrastructure programs, business support programs, support for housing construction and the like. In all, the support amounted to about 1.9% of Canada’s total economy. But after operating with surpluses for years, the Feds found going deeper into deficits a culture shock.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special_reports/076/2009-In-Review:-The-View-From-Canada.htm
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