KeatsConnelly Cross-Border Weekly Best of the Web 2015-9-4

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week brings a heavy dose of articles focusing on the official announcement that the Canadian economy has experienced a recession, including a piece on the impact a slowing Canadian economy might have on the United States.

 

It’s Official: Canada Fell Into Recession in First Half of 2015 (http://www.huffingtonpost.ca/) – It’s official: Canada fell into recession in the first half of the year. Statistics Canada reported Tuesday that Canadian GDP fell 0.5 per cent at an annualized rate in the second quarter of the year, following a 0.8 per cent decline in the first quarter. Two consecutive quarters of contraction are generally seen as the technical definition of a recession…

How Canada’s economy slid, in five charts (http://www.financialpost.com/) – Tuesday’s announcement that Canada’s economy shrank for the first two quarters of 2015, putting the country into a technical recession, puts a little more strain on the ruling Conservative Party’s claim of sound economic management, the core of its campaign for next month’s federal election. What’s more interesting is how long the party has been able to hang on to that mantle…

Slowing Canadian economy may surpass China as threat to U.S. Growth (http://www.msn.com/) – Canada probably experienced a technical recession in the first half of 2015, and the fact that the No. 1 U.S. export market is in a slump could spell bad news for growth in the world’s biggest economy.  Canada’s gross domestic product contracted for a second quarter in the three months through June, a Sept. 1 report will show, according to almost all economists in a Bloomberg survey. The economy probably shrank by 1 percent, even worse than the 0.6 percent first-quarter drop.  “When Canada hurts, U.S. exporters do, too,” Bricklin Dwyer, an economist at BNP Paribas in New York, wrote in an Aug. 27 note to clients titled “Canada (not China) matters more…

Come back next week for more interesting news and articles. Enjoy your weekend!

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