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Throwback Edition: 2008 Recession in Canada and It’s Impact on the Automotive Industry
In this week’s blog post we are going to be throwing it back all the way to 2008! There were so many reasons that many Canadians will never be able to forget that year; the iPhone was expected to be released on Roger’s wireless service provider, the federal government issued a formal apology for the acts committed in Residential schools, and of course the economic crisis. We will be covering the impact of the crisis specifically on the automobile industry and ways to (possibly) prevent it from happening again in the future. What is a Recession and how is it different than an Economic Depression? A recession is defined as…