1. Canada's response to the recession not Best In Show, economically speaking
We've heard a lot about how Canada fared better than other nations during the global economic crisis. That’s because our economy was firing on all cylinders going into recession in 2007, the year before the crisis hit.
In fact, we entered this recession from a stronger economic position than the beginning of any other major recession since the Second World War.
But after five years of recovery, we are in a weaker position than any of the past three major recessions (1981-82, 1990-91 and 2008-09).