July 2012 marked the 20th anniversary of a government-imposed moratorium on Newfoundland’s northern cod fishery. The action, taken by the federal Conservative government of Brian Mulroney, put 40,000 people out of work in Newfoundland, and devastated hundreds of communities that depended on fishing as their primary industry. In this News in Review story, Rex Murphy revisits that dramatic turning point and the loss of a way of life. (Length: 15:01)
Archives
Budget 2012: The Axe Begins to Fall
In late March, Stephen Harper’s Conservatives tabled a new budget. It outlined plans
for more than $5-billion of spending cuts, as well as one for phasing out the penny. In
this News in Review story we examine what’s in the budget and look at the reaction
from the opposition and other Canadians. (Length: 15:45)
Download the WORD version of the Resource Guide here.
Download the PDF version of the Resource Guide here.
The Great Oil Pipeline Debate
In late January the U.S. government delayed approval of a pipeline that would transport oil from Alberta to refineries in Texas. The Canadian government responded by saying it would speed up approval of another pipeline that would carry the oil over the Rocky Mountains to British Columbia. In this News in Review story, we look at why the government wants the pipelines built and why so many are determined to stop them. (Length: 16:06)
Download the WORD version of the Resource Guide here.
Download the PDF version of the Resource Guide here.
Canada and the Jobless Crisis
In December, Canada’s unemployment rate rose to 7.5 per cent, its highest level since April. Experts said Canada’s economy appears to be stalling, and the situation is particularly bleak in the country’s two largest provinces, Quebec and Ontario. In this News in Review story, we examine the troubling situation and look at how two Ontario cities are trying to recover. (Length: 14:52)
Download the WORD version of the Resource Guide here.
Download the PDF version of the Resource Guide here.
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Is the Recession Really Over?
It’s been just over a year since Canada was hit by the effects of a global recession. More than 350-thousand people lost their jobs. Now there are some faint signs of recovery, but is the recession really over? In this News and Review story we’ll look at the state of the Canadian economy, and what economists are saying about its future.
Download the audio version of the Introduction to this story.
Download the Resource Guide for this story. (PDF)
Canada Gets a Recession Budget
In early February, the Conservative government’s new budget was passed by the House of Commons. Two months before the Conservatives had claimed that spending billions of dollars to stimulate the economy wouldn’t be necessary. But the budget they tabled predicts a federal deficit of more than sixty billion dollars over the next two years. In this News in Review story we’ll look at why the Conservatives changed their mind, and whether the budget will be able to boost Canada’s sagging economy.
Canadians, Credit Cards and Debt
For many years, Canadians have been on a credit card binge. Now, as the economic crisis deepens, a lot of them find themselves with high levels of personal debt. In this News in Review story, we’ll look at why so many Canadian households are overextended. We’ll also examine why it’s so easy to fall into the credit trap and what can be done to get out of it.
Canadians, Credit Cards and Debt (Downloadable Resource Guide)
Canada Faces a Recession
As the global economic crisis continues, some economists are predicting that Canada will slide into a recession. It would be the first recession in 16 years and could hit some parts of Canada particularly hard. In this News in Review story we’ll look at how the economic crisis is affecting the Canadian economy and what is being done to try to cushion the blow.
(Length: 14:07)
View Resource Guide for this story
Canada and the Economic Breakdown
(Length: 14:07)
In early October, a global credit crunch that began in the United States spread to Canada. Stocks plunged, and many Canadians began to worry about their savings and whether the country was heading for a recession. In this News in Review story we’ll look at what caused the credit crunch and how it could affect the Canadian economy.
Taking Off: Canada’s Soaring Dollar
In late September, the Canadian dollar overtook the U.S. dollar for the first time in 31
years. The high-flying loonie is good news for Canadian importers and those planning
trips south of the border. But it is bad news for many other Canadians. In this News in
Review story we’ll look at why our dollar is soaring, and at some of the winners and
the losers. (Length: 14:17)
Download Resource Guide (PDF) for this story.