Q & AThe Americas

Canada to Try Spending Its Way Out of Commodities-Driven Recession

Canada to Try Spending Its Way Out of Commodities-Driven Recession
Loggers harvest a section of forest near Youbou, British Columbia, Jan. 14, 2015 (AP photo/The Canadian Press, Jonathan Hayward).

Editor's note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries.

Recently elected Canadian Prime Minister Justin Trudeau announced that his government is ready to use fiscal stimulus in order to boost Canada’s economy, which continues to suffer from the ongoing decline in commodities prices. In an email interview, Donald Drummond, an adjunct professor and Stauffer-Dunning fellow at Queen’s University, discussed Canada’s economy and the impact of the commodities bust.

WPR: How important are commodities for Canada’s economy, and what impact have falling commodities prices had on jobs, income and growth?

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