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One of Canada's main sources of income is trade, and 80% of all its trade is with the USA(and 70% of its imports). The USA has been badly hit by the economic crisis, and since Canada is majorly dependent on the USA, Canada too has been affected.

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Q: How Does the American Economic Crisis Affect Canada?
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Continue Learning about Economics

Why was hoover slow to respond to the economic crisis?

He didn't want to be shunned by the American economy, thus he hid inside his square office.


How do you feel about the economic crisis in the US?

The current crisis (circa 2009/2010) is the worst economic crisis of American history, but the same is true for almost every country of the developed World. Part of the cause may be due to policies of the US government but the same can also be said for other countries. It possible that the expense of wars in Afghanistan and Iraq have made the crisis a little worse.


What is a economic crisis?

Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.


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Did you just answer your own question?


What do you mean by global economic crisis?

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