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?

Keep reading for free!

Get instant access to the rest of this article by submitting your email address below. You'll also get access to three articles of your choice each month and our free newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having a personal curator and expert analyst of global affairs news. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of tens of thousands of articles.
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday.
  • Regular in-depth articles with deep dives into important issues and countries.
  • The Daily Review email, with our take on the day’s most important news, the latest WPR analysis, what’s on our radar, and more.
  • The Weekly Review email, with quick summaries of the week’s most important coverage, and what’s to come.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.