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Canada is now going into a serious economic downturn and recession, together with most of the rest of the world.

The downturn expected to last at least a year, but it will take a few more years on top of that to recover jobs, incomes, investments, and finances.

How long it takes to recover will depend very much
on what federal and provincial governments do in
terms of their economic policies, as well as what happens in the rest of the world economy.