Warning message

Please note that this page is from our archives. There may be more up-to-date content about this topic on our website. Use our search engine to find out.

The outlook for the Canadian economy is starting to look up because of a big boost in government spending and ultra low interest rates.  But economic growth going forward is expected to be weaker than normal for a recovery and unemployment will continue to grow next year.  Further government support is required to avoid a double-dip recession. 

 

The September 2009 issue of CUPE’s Economic Climate for Bargaining includes: recent forecasts of major economic indicators for Canada and provincial economies, summary analysis of how the recession is affecting employment, inflation and wages and the outlook in these areas.  It also includes a comparison of minimum wages today and what they were a generation ago.   In every province but Newfoundland, the real value of the minimum wage is still less than it was 33 years ago.

ECB_Sept_2009.pdf