TORONTO, Sept. 1, 2015 /CNW/ - This morning's dismal Gross Domestic
Product report from Statistics Canada confirms what working Canadians
have known all along - the Harper Government has failed to meet their
"Working people see the weakness in our economy every day in their own
struggles to find decent work, in the difficulties their children are
having starting a life and the challenges faced by this country's
seniors to live in dignity in retirement." Unifor National President
Jerry Dias said.
Statistics Canada reported this morning that the country's GDP declined
by an annualized 0.5 per cent, putting Canada into a recession, defined
by economists as two straight quarters of GDP decline.
"Canada is in a recession today due to the failed economic policies of
the Harper government that left the Canadian economy vulnerable even
before oil prices fell," Unifor Economist Jim Stanford said.
"In recent years the economy has shown a longer-run pattern of very weak
growth, miserable export and investment performance, and the erosion of
many key industries."
"That has left the entire economy on the edge of recession in the first
place, so that bad news in one sector can actually push the whole
national economy into negative territory."
Unifor released a study in August, co-authored by Stanford and fellow
Unifor Economist Jordan Brennan, comparing the Harper Government's
economic record to that of previous prime ministers. It found, based on
16 economic indicators, that Harper Government had the worst economic
record since the Second World War.
"Even with June's growth, this deeper weakness is still very much
evident," Stanford said. "Much of our problem was self-inflicted, in
the form of bad policies: needless austerity, and a profound failure to
stimulate business investment and exports."
To read the full report by Stanford and Brennan, go to: uniforvotes.ca/harper_record .
Unifor is Canada's largest union in the private sector, representing
more than 305,000 workers. It was formed Labour Day weekend 2013 when
the Canadian Auto Workers and the Communications, Energy and
Paperworkers union merged.
For further information:
For more information, please contact Unifor Communications National Representative Stuart Laidlaw at Stuart.Laidlaw@Unifor.org or (cell) 647-385-4054.